*Loan,banking and credit>>>homeowner insurance

Backdated homeowners Insurance Policy?

The homeowners insurance on my home expired and i was unaware. The company admits that they cannot verify they sent me anything to let me know that I had a bill due or that my insurance was unpaid. My mortgage company now tells me 4 months later that they have been adding monthly installments of an $8k per year policy to my mortgage. I have no claims or damage or anything, but im told that if I can get a backdated policy so that i would not have a break in coverage then they would remove the charges. Does anyone have any suggestions?

Get a new agent. Your agent should have picked up the phone and called you when your policy lapsed to see if you intended for it to.

Yes. Talk to your agent, and see if there's a way they can talk the underwriter into reinstating or backdating the policy. You'll have to offer them a "no loss" letter - certifying that there will be NO claims put in during that period of lapse. You'll ALSO have to pay the premium. If it were me, I'd volunteer to be "downrated" for the next 3 years, if they do it, and volunteer to have the renewal premiums electronically withdrawn from your bank account, so they are never late.

My guess is, you won't find a carrier willing to backdate farther than 30 days, and with a no loss letter. But hey, it's the insurance company that's taking the risk, so you'll have to call in EVERY insurance favor you can from your agent.

If there has been a payment issue with your policy in the past (late payments or cancellation notices) there is no way they're going to do this. The policy will have to be re-underwritten from scratch, and you'll have to work out a payment schedule with the mortgage company, for the additional $3K.
agent, 21+ years