Aloha - Insurance and Zone 2

[Dan De Soto]

Laurie,

It was good talking to you the other day. Our new lava zone program should be up in a week or so. I will contact you then to see if I can help.

In my experience it doesn’t make sense to shop for lenders insurance requirements. Some loan officers say hurricane coverage is not required then after the loan closes the lender audits the account and imposes the requirement. Also, loans truly without hurricane requirements are usually from lenders who will sell the loan immediately, usually to a lender who has the hurricane requirement. Bottom line; plan on having to pay for hurricane coverage. Here are some of the larger lenders that require hurricane; bank of Hawaii, First Hawaiian, Bank of America / Countrywide, Wells fargo, Chase Financial, Americas Servicing Co, Indymac Bank, Quicken, Ditech, American Savings Bank, and more


Dan De Soto
Mutual Underwriters
Insurance Agent
www.insurancehi.com
dan@mutualunderwriters.com
Tel: 808-961-3207
Fax: 808-969-1120
275 Ponahawai St., Ste#105
Hilo, HI 96720