Insurance & Taxes

Let PNC guide you through what's to be expected, and what's required of you.

Insurance 101 

Learn about the different types you may need:

Homeowner’s Insurance

Homeowner’s insurance provides financial coverage in the event of a covered loss to your home, other structures or contents. In addition, homeowners insurance provides personal liability coverage for third-party claims.

Disaster Insurance

Insurance designed to protect your home in the event a natural disaster such as fire, flood, earthquake, hurricane or tornado were to strike and cause your home to become unlivable.

Mortgage Life Insurance & Mortgage Accidental Death Insurance

Mortgage life insurance pays off or reduces your mortgage loan balance (up to the policy maximum) in the event of death before the debt is paid, enabling surviving family members to retain their home. Mortgage accidental death insurance pays off or reduces your mortgage loan balance (up to the policy maximum) if your death is the result of a covered accident.

Private Mortgage Insurance

Insurance written by a private company to protect the mortgage lender against financial loss if a borrower defaults on the mortgage.

FHA Mortgage Insurance

An undertaking by the Federal Housing Administration (FHA) to insure the lender against loss if the borrower defaults on the mortgage.

VA Funding Fee

This fee is paid by the Veteran and/or third party, directly to the Veterans Administration, to guarantee a specified portion of the loan, should the borrower go into default.

Flood Insurance

Protection against flood loss through the 1973 Flood Disaster Protection Act.


Still have questions? Check out our Insurance FAQs, calculate the cost of insurance, or reach out to us for more information.

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Want a more complete picture of your home loan?

Explore the Understanding Home Lending Center to learn the mortgage process, find the right loan or line of credit for you, and explore options to lower your payments. 

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Estimating Insurance Costs

Insurance FAQs

Do I have to carry insurance on my home?

Yes. The terms of your Mortgage require that you maintain homeowner’s insurance on your property for an amount equal to 100% of the replacement cost of your property. Please keep in mind that this is a safeguard to protect both of our interests in the  property should any damage occur.

Tax FAQs

Why did I receive a bill from my taxing authority when PNC Mortgage is supposed to pay the bill for me?

More than likely, this bill is an assessment or supplemental bill. Some taxing authorities will send this type of bill because an additional amount is due that was not assessed at the beginning of the current tax cycle. You may wish to contact your local taxing authority for clarification.

Equal Housing Lender

NMLS Consumer Website A free service for consumers to confirm the mortgage lender they wish to conduct business with is authorized in their state. PNC NMLS ID #446303 Visit NMLS »

PNC, PNC HomeHQ, PNC Home Insight, and Home Insight are registered service marks of The PNC Financial Services Group, Inc. ("PNC"). PNC has pending patent applications directed at various features and functions of Home Insight Planner and Home Insight Tracker. All loans are provided by PNC Bank, National Association, a subsidiary of PNC, and are subject to credit approval and property appraisal.

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