• Nadlan Capital Group - EUA Financiamento imobiliário para estrangeiros e residentes

  Por que um credor pode solicitar que um mutuário altere seu tipo de apólice de seguro

  Escrito por Grupo Nadlan em 9 de abril às 22:53

  So in what cases a lender will request a DSCR borrower to change their insurance? we had a client that was asked to change it from DP1 to DP3 which was way more expensive.

  As well lets understand whats the difference between DP1 and DP3.

  📌 Why a Lender May Request a Borrower to Change Their Insurance Policy Type (e.g., DP1 ➝ DP3)

  Lenders are primarily concerned with protecting the colateral—the property. If the insurance coverage is insufficient, the lender stands to lose if there’s damage or loss. That’s why they sometimes require a policy upgrade, especialmente de DP1 to DP3, even if it’s more expensive.

  🔍 Common Situations When a Lender Might Require Insurance Changes:

  Veja a tabela anexa

  🧾 What Is the Difference Between DP1 e DP3 Políticas?

  Veja a tabela anexa

  ✅ Exemplo:

  Your borrower had a Política DP1 that only covered fire and vandalism. The lender required DP3 Porque:

  • The property is being used as a aluguel (so tenant issues matter)

  • É um Empréstimo DSCR e rental income continuity é vital

  • The lender needed Replacement Cost coverage in case of total loss

  • The DP1 didn’t include water damage or liability coverage for tenant lawsuits

  🧠 Final Recommendation

  If you’re a borrower applying for a DSCR loan, consider securing DP3 coverage upfront—especially if the loan amount is high or the lender is conservative. While it costs more, it protects both you and the lender from unforeseen financial risk.

  

  

  Grupo Nadlan respondeu 2 semanas, dias atrás 3 Membro 1 · Respostas 0

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