Do you own a condo? Have you recently gotten a breathless letter from your mortgage company telling you that the insurance policy for your building is expiring and all life on Earth is about to end in a fiery apocalypse if you don’t show them proof of insurance?
So, here’s the thing. Nearly all condo building policies are written for one year. Your mortgage company knows this. So when they send you this letter, it’s the same as a letter saying, “When you got approved for your loan, you said you were 36 years old. Now our records indicate you are 37, you dirty liar. We will murder you and your dog in your sleep if you do not rectify this IMMEDIATELY”.