Question
What is an insurance purchased by a bank or creditor on
an uninsured debtor’s behalf so if the property is damaged, funding is available to repair it?Solution
Lien holders will put forced place insurance onto a mortgaged property in cases where the borrower allows the coverage they were required to purchase to lapse. Lapses may be due to non-payment of premium, filing false claims, or other reasons. Forced place insurance will protect the property, the homeowner, and the lien holder. Future mortgage payments will reflect the added cost of the insurance. Forced place insurance is also known as creditor-placed, lender-placed, or collateral protection insurance.
Statement: W>Y<X<Z=U>S; W<T ≥V
I. Y<T
II. X > V
Statements: R ≥ S > T; U < V ≤ T; V > W
Conclusions:
I. R > V
II. W < S
 III. T > W
Statements: O< V ≤ N = P < S, R = Z ≥ Y = X > O
Conclusions:
I. R > N
II. X > P
III. R > O
Statements: X < H = U ≤ I < N = M, M > B ≥ V
Conclusions:
I. I > V
II. U ≥ MStatements: C = A ≤ H < K ≥ L = Q; S = T ≥ K
Conclusion: I. C < T II. A = S
...Which among the following symbols should replace the question mark [?] (in the same order from left to right) in the given expression in order to make b...
In the question, assuming the given statements to be true, find which of the conclusion (s) among given three conclusions is /are definitely true and t...
Statements: 2 < 4 = 8 ≤ 6; 4 ≥ 9 = 7 ≥ 10
Conclusions: I. 6 > 10 II. 6 = 10
A statement is given, followed by four conclusions given in the options. Find out which conclusion is true based on the given statement.
Statemen...
In which of these expression ‘O ≤ F’ is definitely true?
