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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.
What is the focus of the first international conference on Shared Buddhist Heritage?
Giorgia Meloni has become the prime minister of ___?
Which Indian public sector bank has inaugurated its’ Ethical Hacking Lab’ safeguard the Bank’s Information Systems?
Consumption Fund, an open-ended scheme that will invest in equity, equity related securities of firms engaged in consumption and consumption related act...
Consider the following statements regarding ‘Social Cost of Carbon (SCC)’?
1. It is the economic damage that would result from emitting one a...
Which country launched the Miura-1 rocket, marking Europe's first fully private rocket launch?
Consider the following statements with respect to the gross direct tax collections as of October-
I.India's gross direct tax collection increased...
What was the theme of Good Governance Week 2021?
The All India Financial Institutions (AIFIs) include several key entities that support development financing in India. Which of the following is NOT cat...
What significant feature has SEBI proposed for mutual fund investments by REITs to manage cash flows more effectively?