What's going on, everyone? I am David Green, host of the David Green Show, and I am here with Christian

Bachelordor, broker and owner of the one brokerage. Today we are going to be talking about Christian.

Take it away. What happens if you watched the previous episode, I foreshadowed this. What happens if your

lender doesn't pay your insurance, which is a, we'll go down this whole crazy spiral of a client, not a client of ours, but a person in this news article that this happened to.

So it's not some crazy unhappable event.

It happened to, sounds like this Houston couple who was uninsured during Hurricane Barrel.

So we'll discuss what happens when that comes.

Okay, so break it down for us, Christian.

Let's start off by just describing what is homeowners insurance and why is it normally

collected by the lender?

Yeah.

So the lender obviously cares about you paying them back. That's called your

principal and interest. For those of you familiar, PITI stands for what your monthly payment is.

The first P&I are easy. That's what you owe the lender for the repayment of the loan.

The second I is insurance. That's your homeowner's insurance. That's what pays to protect the

property. That's what comes from, you know, your GEICO, your all state, your state, farm, your farmers,

whatever you choose to use for your insurance company.

And then the T, obviously the final letter, I guess it's the second to last, but I did a matter order.

But the T is your property taxes.

That's what you owe the state or county or, you know, whatever governing is that is managing the property.

Now, the one that we're going to focus in on is your homeowners insurance because on our previous episode, we discussed what happens if the house is destroyed in a hurricane,

in a flood, in a fire, in a tornado, whatever happens, right?

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