What if my insurance lapses during my HEI term?
If your insurance coverage lapses, contact your insurance carrier right away to reinstate coverage. Your subservicer will contact you for proof that it's been reinstated.
It's important to keep your agreement in good standing. That means keeping up with home payments such as mortgage, insurance, and property taxes. If any of these fall behind, take care of them right away to avoid fees or risk putting your agreement into default.