Homeowners Insurance on Home in Preforeclosure

[LDL]

It just hit me that my yearly homeowners' insurance is due soon and I don't recall seeing a copy of the bill even though it's normally only a notice and paid through escrow???!

I'm assuming that my homeowner insurance company is aware of my situation through the mortgage company and that the mortgage company will pay for a policy. But I hadn't thought about my stuff not being covered for theft or fire etc.

Has anyone else here gone through this and did you pay for additional coverage just in case something happened? I'm thinking that the bank is only going to cover the 'bare minimum' needed and that won't be of any benefit to me should something bad occur!!!

[Flamingo]

As long as the house is in your name you are responsible for the insurance on the house, it's contents and for any liability that may occur on the property (i.e., someone falls). I suggest you don't assume the bank is going to do anything and check with your insurance holder as to what, if anything, needs to be done.