When a disaster strikes your home, your insurance company may issue an insurance claim check, which can also be called loss draft funds. A claim check is meant to cover various costs, including repairs.

How much insurance do I need? Depending on the type of insurance, you will need enough to cover the lower of either the replacement cost of the property or the remaining principal balance on your loan.

You are required to have enough insurance to cover the lower of either the replacement cost of the home or the remaining principal balance on your loan. Example: If your unpaid principal balance (UPB) is $80,000 but the replacement cost is $120,000, you need to carry a minimum ins...

Help Center. For insurance questions, you can reach our Insurance department at 866⁠-825⁠-9267 or our Loss Draft department at 866⁠-825⁠-9302. Visit our help center articles for more insurance policy changes and insurance claim check process. Chat Now. We found more than 100 ...

If there are any changes to your insurance policy or carrier, please let us know as soon as possible by sending us the Declarations Page. Visit www.mycoverageinfo.com/mrcooper and follow the simple instructions to upload your Declarations Page.

For insurance questions, you can reach our Insurance department at 866⁠-825⁠-9267 or our Loss Draft department at 866⁠-825⁠-9302. Visit our help center articles for more insurance policy changes and insurance claim check process. Chat Now.

Learn how to handle an insurance claim check from your insurance company after a disaster. Visit www.insuranceclaimcheck.com for more information or call 866-825-9302.

If you’ve been affected by a disaster, such as a winter storm, hurricane, tornado, or wildfire, here are 3 steps you can take to help ensure your home and finances are protected. File an insurance claim with your provider for damages related to the disaster. Apply for mortgage assi...

Homeowners Insurance Changes for Transferred Accounts. You’ll need to notify your insurance company that your loan was transferred to us and that they’ll receive payments from us now.

Mortgage insurance protects the investor or noteholder if the borrower defaults on the loan. It lowers the investor’s risk when funding a home loan. In most cases, if you pay at least 20% down on your home, you’re not required to carry mortgage insurance.