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One for Errors and Omissions Insurance

I have two loans at the same bank. They put disability on one, but not the other one. Will their errors and omissions insurance cover it?


This may be more of a legal question depending on the policy language. However, what can be said is that you have coverage on one account and a premium was paid, but no premium was paid for on the other loan, so there is no coverage. Could there have been a eligibility issue because of your condition or the size of the loan?

You should ask your bank why you don't have that coverage and if you can obtain it now. This would have been better asked before you signed the papers and agreed to the loan terms.

Published on BankingQuestions.com 3/30/09