Nearing closing. Lender is asking for proof of insurance for full market value of home (full loan amount). Insurer says they only insure at replacement value. Something’s gotta give, eh? (Washington state)

Not sure how to proceed when insurance co literally won’t even offer the amount the bank wants. (And insurer suggests no other agency would either). I can’t find examples about this online, so not sure if there’s some sort of mistake or an easy solution. Anyone have experience with this? Thanks!

submitted by /u/Jackandahalfass
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Not sure how to proceed when insurance co literally won’t even offer the amount the bank wants. (And insurer suggests no other agency would either). I can’t find examples about this online, so not sure if there’s some sort of mistake or an easy solution. Anyone have experience with this? Thanks! submitted by /u/Jackandahalfass [link] [comments]

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