How can you retroactively place a lender-placed insurance policy when my preferred carrier cannot back date my policy?

As soon as we are notified of any potential lapse in coverage, we are required to notify you. As a mortgage servicer, we are required to ensure that your property has continuous coverage for the investor’s required amount. The lender-placed insurance company we use as a last resort has agreed to provide this retroactive coverage to ensure compliance with your loan agreement. We understand that you may not be able to obtain back dated coverage with your agent, which is why it is so important that your policy does not lapse and you maintain continuous coverage. Many times you will receive notification from your carrier prior to us receiving it.