Forced Place Insurance
Insurance purchased by a bank or creditor on an uninsured debtor's behalf so if the property is damaged, funding is available to repair it.
"Forced Place Insurance" In Context
"When Homeowners Insurance Won't Protect … Shortly after Aditi Haridat's parents bought the home of their dreams, a lamp … Full Story »When Homeowners Insurance Won't Protect You U.S.News & World Report LP Fannie Mae changing "forced-place insurance ..." This Insurance Word is available for Sponsorship Sponsor this Definition Today.