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What is the provision in a insurance policy that protects the lender of the mortgage from any acts of the borrower that could invalidate coverage or leave the lender without security?
The mortgagee clause will give the lender notice of cancellation but it will not protect the lender for actions or damages done by the insured on the policy. All property policies specifically exclude intentional acts by an insured.
What is the difference between risk retention and self insured?
Risk retention refers to the ability to accept risk and or can be referred to as risk taking, however self insured refers to a situation when someone is very much hopeful
What will be the benefits of the lender in reverse mortgage?
The lender earns interest on the mortgage over time. While there are no payments, the interest does accrue. As a result the lender is fully aware the interest earnings will be received years later, however the loans typically never default because there are no payments, and they are insured by FHA so they are relatively low risk loans.
In a 1997 bankruptcy was your private student loan discharged if it was not a federal loan but a private loan from a lender?
Depends on how long the loan had been in repayment, whether or not it was insured by a non-profit. Please note that most federal loans are issued by private banks and INSURED by the government.
Can you get auto insurance under your dad if hes not on the car loan?
Yes. The leinholder (the person who has to pay the loan) and the lender (the person who receives the loan payments) is not related to the person insured to drive the vehicle.
How do i get an Self insured license?
how do i self insure my vehicles
What is the provision in a insurance policy that protects the lender of the mortgage from any acts of the borrower that could invalidate coverage or leave the lender without security?
The mortgagee clause will give the lender notice of cancellation but it will not protect the lender for actions or damages done by the insured on the policy. All property policies specifically exclude intentional acts by an insured.
What is the difference between a company that is fully insured and one that is self insured?
A company that is fully insured goes to an insurance company and buys insurance. A company that is self insured does not buy insurance and plans to pay any claims out of the companies "pockets". For instance, if you own a home but choose not to buy home insurance, you are self insured if you should have a fire.
Is the US government self insured?
Yes
What is the difference between being insured under a policy and being self-insured?
If you have an insurance policy purchased from an insurance company, some or all of the financial losses you incur will be reimbursed by the policy issuer. If you are self-insured you, or the company that is self-insured, is responsible for all financial losses and liability to others. Some self-insured companies are self-insured only for the first million or 5 million dollars, and have bought insurance policies to cover larger losses. Their annual insurance premiums are lower as a result, since the purchased policy is not responsible for those less, and more frequent, losses.
List of self insured companies in Ohio?
where can I get a list of self funded employers in ohio
Rush Limbaugh does he have insurance?
Rush claims to be self insured.
What is to buy down self-insured retention?
The same as a deductible
What company has New York state insurance code 994?
994 means the vehicle is self-insured by the company it is registered to. Example : the NYPD uses 994 to indicate that they are self-insured.
Can a creditor add insurance on a financed vehicle and roll that into your loan?
In general, yes. Usually, finance agreements provide that the borrower will keep the vehicle insured and will show the lender as a "loss payee" on the insurance. This means that the insurance settlement check will be issued with the lender's name on it too, as well as the insured's. The lender is concerned that there arefunds available to pay for the repair of the vehicle in the event of a collision. The lender loaned money on the vehicle based upon its undamaged condition, and will wish that the vehicle retain its value. Therefore, if the borrower has not kept the car insured, the lender will generally obtain "single interest" collision coverage, which will protect its interest in the collateral as discussed above. The cost of that insurance is initially paid by the lender, but charged back to the borrower by an additional amount added to the loan balance.
Who is Athens Administrators?
its a third party administrator for self insured companies
Who insures UPS vehicles?
Most large corporations are "Self Insured".
