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: ...
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 ...
It’s called force-placed insurance, and your mortgage contract gives your lender the right to protect its interest by putting one on your property if you let your policy lapse. It’s expensive — as ...
Learn the impact and consequences—and what to do next If you have a mortgage on your home, your lender probably requires you to have homeowners insurance. Insurance companies sometimes cancel existing ...