Carrying adequate insurance protects you and your credit union.

Please make time to periodically review your homeowner’s insurance coverage to ensure it is sufficient to rebuild or replace in the event of unexpected loss. Property values and construction costs continue to rise and it is important to have adequate coverage.

An annual review of insurance coverages is extremely important to ensure for adequate protection in the event of loss.

While your insurance agent is the best place to start when evaluating appropriate coverage levels, we are always available to answer questions you might have about your loan or anything else with which we can be of assistance.

For Insurers and Property Managers.

The Centennial Lending mortgagee clause should read as follows: Centennial Lending, LLC. ISAOA | 11281 Business Park Circle Firestone, CO 80504.

It is imperative that we have up-to-date insurance information for homeowners and property managers. Please use the contact form at the bottom of this page to alert the Centennial Lending team of any changes.

General Information:

Please alert us of any changes to your existing homeowner’s insurance.

Upload your new policy using the contact form at the bottom of this page.

If you receive a refund from your homeowners insurance, please note that we cannot accept third-party checks. Deposit the refund into your own account and then write a new check payable to Centennial Lending for your T&I (Taxes and Insurance) account. Failing to return the refund may result in adjustments to your monthly payment, such as having two policies paid for the year.

Force Placed Insurance:

Your loan terms require you to keep insurance on your property. If your coverage lapses, Centennial Lending will add insurance to your property to protect the collateral and prevent losses for both you and your credit union. However, this type of force-placed insurance is typically much more expensive than traditional insurance and does not cover contents or personal property.

If you’ve received notice about force-placed insurance, it’s important to contact Centennial Lending’s insurance team soon. You can call us at (720-494-2740, Option 2 then Option 4) or fill out the contact form at the bottom of this page.

Insurance Claim FAQs

To file an insurance claim please contact your insurance company directly to start the process.

After the insurance company assesses the damage, they will supply you with claim documents and an initial payment for repairs. Next, you’ll get repair estimates from contractors, who will outline the costs and may also communicate directly with your insurance provider.

The insurance check will be payable to you, as the owner, as well as any lien holder(s) listed on the insurance policy.  You will need to get the check endorsed by any (and all) lien holder(s).

For smaller projects, Centennial Lending may be able to endorse the insurance check and allow you to pay your contractor directly, the following documents will need to be obtained:

Centennial Lending needs the following items to release checks:

  • Copy of the insurance claim (all pages provided by insurance company)
  • Signed copy of the contract(s), from the licensed contractor of your choice, including an itemized list of work to be completed.
  • Check

For projects/repairs over $40,000.00, guidelines require that we hold the funds in an escrow account on your loan and make periodic payments to you and/or the contractor as work is being completed.  This may require inspections to be completed before payments can be made. Please reach out to the insurance department for further details.

Centennial Lending will only release funds from your escrow account with written authorization from you, combined with a bill.  We pay you or you and the contractor directly, ensuring you do not end up with unpaid liens on your most valuable asset.

Insurance Contact Form

  • Email is not a secure form of communication and personal information, such as account number, date of birth, social security number, etc., should not be included in any unsecure email communications to Centennial Lending.
  • Drop files here or
    Max. file size: 5 GB.
      Please upload new policies, policy changes, and/or claims information here. This is not a secure upload. Please do not send private or sensitive information.

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