Defeasance is a circumstance in which a debt or a bond is cancelled or voided due to the fact that the borrower has set aside enough money to pay it. Mortgage insurance can often be cancelled if defeasance takes place, since there is no more risk of the borrower defaulting. View Full Term
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Hazard insurance offers basic coverage for your home. It may satisfy your mortgage lender’s insurance requirements, but it doesn’t offer the same coverage as a comprehensive policy.
Kaitlyn Kokoska
Uninsurable risk refers to those things insurance companies won’t cover. Knowing what is uninsurable will help you plan for the future.
Charlene Royston | Owner
These essential liability insurance policies will protect you from mishaps that can put a company out of business.
Bennett O'Brien | Freelance Writer
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