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Lender-Placed Insurance: Protecting American Homeownership and the Mortgage Process

Lender-placed insurance serves a necessary and valuable role in American homeownership. It is utilized only when homeowners do not maintain their own insurance coverage on their properties. Claims due to events such as fire and severe weather could be devastating for homeowners who, for whatever reason, had failed to carry insurance. Lender-placed insurance is a safety net for homeowners, lenders, and mortgage investors alike. ...