Mortgage if property is uninsurable Deanne Bourne asked 2 weeks ago
Mortgage if property is uninsurable

I have a condo in Incline, Nevada and we were notified (as have almost all HOAs) that our insurance for the whole group of condos is not being renewed. I called around and I see this is a huge national problem with floods, hurricanes and such. Our disaster potential is for wildfires. It is ridiculous because out of 4.5 million at risk homes only 3755 burned last year nationally according to Forbes.

My question is: If we cannot get insurance what will my mortgage company do because I will be forced to inform them. Also why can they not get involved and help with this issue because it is their risk, too.