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 ...
Commercial real estate distress has been on the rise as more property owners struggle to stay current with their loans. But the rising cost of insurance is adding a new threat for small landlords: ...
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 ...
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