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.
Which of the following is a Surface-to-Air Missile (SAM)?
'Uttar Pradesh Day' was first organized on?
Who has been named the ICC World Cricketer of the year?
Which of the following is a roundworm?
Which of the following is not a product of google
When is World Sanskrit Day celebrated every year?
Who is the present governor of Assam ?
World Rabies Day is observed every year on which day?
The first Satyagraha was started by Gandhiji in 1917. What was the name of it?
Godrej Agrovet has signed an MoU with three states Assam, Manipur and _________ government for the cultivation of Palm Oil?
