If you don’t have enough insurance to satisfy your mortgage requirements, your lender may buy force-placed insurance. Many, or all, of the products featured on this page are from our advertising ...
Florida borrowers were charged $795 million of a total $3.3 billion in premiums nationwide for force-placed coverage against flood, wind and all other perils, the data shows. The state’s 24.1% share ...
Jeff Somers is a freelancer who has been writing about writing, books, personal finance, and home maintenance since 2012. When not writing, Jeff spends his free time fixing up his old house. He has ...
In Case You Missed It: At the recent Federal Housing Finance Agency’s Symposium on Property Insurance, CFPB Director Rohit Chopra spoke about force-placed insurance and conveyed the following message: ...
March 21 (Reuters) - New York state regulators said they have reached a settlement with Assurant Inc over "force-placed" insurance policies, with the insurer agreeing to pay $14 million in civil ...
Lenders force-place insurance when borrowers fail to maintain coverage required as part of a loan or lease. Force-placed insurance is usually more expensive and doesn’t provide coverage for your ...