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Monday, August 25th 2025

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What happens to your mortgage if your house is destroyed?

While you can’t control when disaster strikes, you can put yourself in a better position to face it. There are a couple of key preparation steps you can take now.

ALTADENA, CALIFORNIA – FEBRUARY 02: Mariana Lopez embraces her children Lesly, David, and Rose as they visit the remains of their home which burned in the Eaton Fire on February 2, 2025 in Altadena, California. Mariana and her husband Vicente brought their children to see the remains of the house for the first time today while the family of six currently resides in a hotel with a voucher which expires on February 12. Mariana said ‘Everything I had from when they were little kids is gone…Never underestimate nature.’ Over 12,000 structures, many of them homes and businesses, burned in the Palisades and Eaton Fires which are now 100 percent contained. (Photo by Mario Tama/Getty Images)
ALTADENA, CALIFORNIA – FEBRUARY 02: Mariana Lopez embraces her children Lesly, David, and Rose as they visit the remains of their home which burned in the Eaton Fire on February 2, 2025 in Altadena, California. Mariana and her husband Vicente brought their children to see the remains of the house for the first time today while the family of six currently resides in a hotel with a voucher which expires on February 12. Mariana said ‘Everything I had from when they were little kids is gone…Never underestimate nature.’ Over 12,000 structures, many of them homes and businesses, burned in the Palisades and Eaton Fires which are now 100 percent contained. (Photo by Mario Tama/Getty Images)
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By | wordpress@medianewsgroup.com | NerdWallet
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Too often, those facing an unimaginable loss aren’t aware of how insurance payouts work.

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