Lenders handle queries about insurance and claims to a varying degree. Premiums are paid. No adverse circumstances affect the validity of the policy. The lender may charge a fee to insure outside its own agency. Special considerations - insurance Claims may be handled by the lender or through the insurance company itself.
Switches have to be approved by the lender.
The insurer and the scope of cover is acceptable. The borrower is aware of the benefits of block arrangements. The borrower is informed of switching fees. If the property is empty for a protracted period, this may affect the scope of insurance cover. The borrower may dispute the level of cover provided.