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.
Select the word which means the same as the group of words given.
Be harmonious or consistent with
Select the most appropriate word for the given group of words.Â
A slowly moving mass or river of ice
Mammoth
Select the most appropriate synonym of the given word.
Regime
Find the appropriate answer.
- Choose the alternative which is closest to the opposite in meaning of the bold word in the sentence.
The speaker’s grandiloquent style made the p... In the following question, choose the word which is opposite in meaning to the given word.
Trivial
Choose the antonym of the word DECRY
Revel
Choose the correct synonym for the given wordÂ
MalevolentÂ
