When buying a home in Pittsburgh, PA, your mortgage lender is going to have a say in how much insurance you carry. After all, they have a stake in the home, so they will generally require that you carry a minimum level of insurance. Home insurance is not legally mandated, but your mortgage lender has every right to require that you carry some protection.
However, your lender’s input begins and ends at setting the minimum level of insurance that you must carry.
That means that your lender isn’t going to be telling you who you can buy your insurance from. Some lenders may have an insurer that they prefer, but they can’t dictate that you must use their insurance company. Some homeowners will simply allow their mortgage lender to choose their insurer, but this isn’t recommended. You’re going to want to take the time to attain insurance yourself to make sure you’re getting a good deal.
And of course, your insurer can’t dictate a maximum level of insurance. Not that a lender would typically have any interest in doing so, but in any event, all your lender can do is dictate a minimum level of protection. That level may vary from lender to lender, but you’re going to have a hard time finding a lender that doesn’t dictate a minimum of insurance.
If you’re still shopping around for insurance in Pittsburgh, PA, get in touch with us at Gallina and Sons. You can visit the Gallina and Sons website, call us, or stop by the office. Whether you’re a new homeowner or looking for a new insurance provider, we can help you to get the protection you need.