Call a spade a spade– insurance is confusing. You can be left breathless between the premiums, policies and paperwork. That is where a MyCoverageInfo agent comes in play. These are individuals who think of them as your personal assistant through the sometimes dirty waters of insurance details.
What (or Who) Is a MyCoverageInfo Agent?
MyCoverageInfo agent is not your usual insurance agent who sits at a desk in the local office. They are, in fact, members of a virtual support unit that assists you when it comes to figuring out, taking care of and renewing your insurance details in connection with your loans; in a virtual, simplified environment.
Either you have just purchased a mortgage or you are refinancing them, they are the connection between you, your lender and your insurance company. Their job? In order to make sure that yours is valid, up to date and precisely what your lender wants to see.
The significance of It
Here is the thing: You end up purchasing your dream home. All the dots are tied together- but there is a snag with your insurance records. One of the missing form. One of the obsolete policies. That is all you need to push them off or even risk having force placed insurance, which by the way tends to be the more costly and provides less coverage.
That is where a MyCoverageInfo agent comes in. They pursue missing information, call your insurance company, assist you in resolving your problems, and skip situations that should be solved than become expensive to correct.
Real help, Real People
Although the system is very much automated, the agent component provides the human component. It is not shouting into the populace. You deal with a person who understands how the backend operates, and who will also be able to describe it without any jargon.
On certain days, what you may require is a policy update. The rest of the days you have to have somebody who would untangle a pile of papers and make clear what is strictly necessary. MyCoverageInfo agents are taught on how to deal with both.
What Do They Support?
Ensuring that your homeowner insurance is in line with what your lender wants
Replacing policy information or validation dates
Posting evidence of coverage (digital, quick, and online)
Knowing what your lender wants- nothing left to guess at
Stopping force-placed insurance coverage
The Bottom Line
From home to money to future- You have much to take care of. Knowing that your insurance paperwork is being covered in all the right places should not be one of those things you worry about.
That is where a MyCoverageInfo agent comes in. Not only in automation, but in real-time support and in the spirit of being pro-active. When that call comes in the next time, informing you about your insurance cover with your lender, do not panic. Reach out. Ask questions. Get an agent to lead you through it.
Since, when it comes to insurance and loans, clarity is not only helpful, but mandatory.