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Ok, I followed up with the insurance adjuster and he said that federal insurance regulations require that primary and secondary mortgage holders are included as co-endorsers on any insurance claim settlement greater than $10K "to protect their interest", despite my level of equity in the home.
If this is a law, then I guess it is what it is. Any other facts available on this?
Thanks,
JA
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John
- '70/73 RS Spec Coupe (Sold)
- '04 GT3 (Sold)
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