Insurance

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May 28, 2020 99 MediaLeave a comment

Private Mortgage Insurance

There are several types of mortgage insurance. The one that everybody complains about is private mortgage insurance (PMI). Homeowners with private mortgage insurance have to pay a hefty premium and the insurance doesn’t even cover them. Yes, private mortgage insurance offers zero protection for the borrower. Borrowers mistakenly think that private mortgage insurance makes them… Read More Private Mortgage Insurance

February 7, 2019April 25, 2019 99 MediaLeave a comment

Insurance Premium

What is Insurance Premium An insurance premium is the amount of money that an individual or business must pay for an insurance policy. The insurance premium is income for the insurance company, once it is earned, and also represents a liability in that the insurer must provide coverage for claims being made against the policy.… Read More Insurance Premium

February 6, 2019April 25, 2019 99 MediaLeave a comment

Mortgage Insurance

What is Mortgage Insurance Mortgage insurance is an insurance policy that protects a mortgage lender or title holder in the event that the borrower defaults on payments, dies or is otherwise unable to meet the contractual obligations of the mortgage. Mortgage insurance can refer to private mortgage insurance (PMI), qualified mortgage insurance premium (MIP) insurance… Read More Mortgage Insurance

February 6, 2019April 25, 2019 99 MediaLeave a comment

Insurance Definition

What is Insurance Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients’ risks to make payments more affordable for the insured. Insurance policies are used to hedge against the risk of financial losses, both big… Read More Insurance Definition

February 6, 2019April 25, 2019 99 MediaLeave a comment

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Insurance

Private Mortgage Insurance

Insurance Premium

Mortgage Insurance

Insurance Definition