Force Placed insurance
You are required to maintain insurance
Failure to provide us satisfactory insurance will be a default
You are required to maintain insurance
Our insurance monitoring company, SUI, has sent you several letters to verify your property insurance. If you fail to respond accordingly, we will force place insurance as required in your loan documents.
If you have insurance, you must:
Failure to provide us satisfactory insurance will be a default
You are required to maintain insurance
Update the mortgagee to read:
Sombrero Property Tax Fund I, LLC
P.O. Box 15235
Richmond, VA 23227
You must send an updated Certificate denoting Sombrero as a mortgagee (or additional mortgagee) to SUI via fax or email:
Fax: (800) 727-3452
Failure to provide us satisfactory insurance will be a default
Failure to provide us satisfactory insurance will be a default
Failure to provide us satisfactory insurance will be a default
If you fail to provide our insurance monitoring service proof of insurance, with Sombrero as Mortgagee, it will be considered a default of the terms in your loan documents.
If you do not have insurance, you should contact an insurance agent ASAP to get an insurance policy that protects your house and belongings. Our Force Placed Insurance
If you fail to provide our insurance monitoring service proof of insurance, with Sombrero as Mortgagee, it will be considered a default of the terms in your loan documents.
If you do not have insurance, you should contact an insurance agent ASAP to get an insurance policy that protects your house and belongings. Our Force Placed Insurance only covers our loan amount, it does not cover your property or belongings.
If your property is land only, you are not required to have hazard insurance.