What is Collateral Insurance?
3:52
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What is Collateral Insurance?
What is Collateral Insurance? -- Collateral insurance, often referred to as lender-placed or force-placed insurance, is a policy purchased by a lender to protect their financial interest in an asset used as collateral for a loan, such as a car, home, or equipment. This type of insurance is typically activated when a borrower fails to maintain ...
3 months ago
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