06/08/2021: Important Reminder About Insurance
Your mortgage loan contract requires that fire and extended coverage insurance be maintained in force at all times. Please check your policy to be sure that the following requirements are met:
- The policy is valid and not expired.
- The amount of insurance coverage meets the Bank’s requirements.
- The policy contains a Lenders Loss Payable Endorsement naming KeySavings Bank.
This may be an appropriate time to see if your policy is sufficient to replace your home at today’s increased construction costs. Please consult your insurance agent if you need additional protection.