Insurance Not Escrowing- Why your insurance may not be escrowing automatically

In this insightful video, Joe Tafolla from Seattle’s Mortgage Broker explains why homeowners insurance might not be included in your monthly mortgage payment, especially if you own a condo. Learn how master insurance policies work, including walls-in coverage, and why lenders may adjust your insurance needs to prevent over-insurance.

Key Takeaways:

• Explanation of master insurance policies for condo owners.
• Understanding Washington’s over-insurance law.
• Guidance on adjusting your homeowners insurance.

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Questions? Reach out to us at questions@seattlesmortgagebroker.com for professional support.

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