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 ...
Florida borrowers were charged $795 million of a total $3.3 billion in premiums nationwide for force-placed coverage against flood, wind and all other perils, the data shows. The state’s 24.1% share ...
National General Holdings Corp. and three subsidiaries wrongfully force-placed collateral protection insurance products on massive numbers of vehicles financed through Wells Fargo, according to the ...
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