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Condo Insurance

December 4th, 2018 at 07:26 am

Every year my mortgage company asks me to provide proof that my property management company is insuring my condo building. Last year was a disaster. Even though I did everything I could, there were mess ups in communication and the lender charged me $2400 for insurance. Well, more than charged me -- they took it from my savings account. It was finally straightened out, but it was an awful experience.

So this year, when I got the notice again, my stomach tightened up immediately. The first notice I received said "Second and Final Notice," so I was already mad. Luckily, my property management contact responded quickly. She faxed a copy to the number provided, and she sent me an attachment which I uploaded to the lender's website. Today I called to make sure they acknowledged receiving it, since I never got an acknowledgement. It has been received. Whew. I think I'm in the clear, but with this gang, you never know. For this reason alone I can hardly wait to pay off my mortgage.

No more spending to report. No extra income.

I'm hoping to have a productive day and get a lot done.

6 Responses to “Condo Insurance”

  1. Smallsteps Says:

    Just reading your post brought up all the memories of when I had to deal with a mortgage company that pulled that.
    So frustrating!

  2. frugaltexan75 Says:

    Hope that's all there is to it this year!

  3. rob62521 Says:

    Wow, I would be nervous too. Hope you get it all taken care of without all the troubles from last year.

  4. Petunia 100 Says:

    Hi CB, you used to have your mortgage info on your sidebar, but I see that it is gone. Are you still tracking your extra payments? I also see your long-term goal for a new living space without stairs. Do you plan to sell your condo?

    I am behind on reading your blog, but I am catching up. Smile

  5. CB in the City Says:

    Petunia, I took the financial details off my sidebar because someone was leaving cruel comments on my blog, and I felt too exposed. But don't worry, I am tracking everything!

    I have not done extra mortgage payments for several years, because I realized I would need the money in savings for my gap year (low-income year). It will be several more years before I can pay off the mortgage, even after I get back to better income.

    New space -- yes, I need it. I have to navigate three flights, and it's getting harder. I will need to move in the future, but again, not until I start receiving my full Social Security income, which will happen this August.

  6. Petunia 100 Says:

    I'm so sorry to hear someone was making cruel comments. I think you have done a great job with the resources you have had.

    When the time comes, will you look for your next home in the same area? Just nosy. Smile

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