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"I recently signed up for new auto, homeowners and umbrella policies with Shepard Insurance. They offered the most competitive rates while at the same time supplying the best customer service I’ve ever received."
Gina
Westlake Village, CA

 

 

"Here at Integrated Home Construction, we take our business very, very seriously. That’s why when it comes to our insurance needs, we turn to the best: the people of Shepard Insurance Agency."
Josh
Van Nuys, CA

 

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Question: Can a lender demand that a home buyer purchase a specified amount of insurance, or purchase a policy from a specified lender?

Answer: While lenders are free to insist that sufficient insurance is purchased to protect the lender's financial interest, they may not require customers, as a condition of the loan, to purchase insurance from any particular insurer. Provisions in the California Civil Code prohibit lenders from requiring insurance in excess of the replacement value of whatever building or other improvements are on the land.