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July 2017

A Few Important Facts About Force Placed Insurance

force placed insurance, property insurance, property managementThe necessity of having complete property or home insurance coverage is no secret. However, what happens when a resident stops paying their homeowners insurance, or if the lender doesn’t believe the coverage is sufficient? This is where force placed insurance comes into the picture. This type of insurance guarantees the property is fully protected, no matter if someone is living in it or if it’s currently vacant. As it deals with the industry and business of managing multiple properties, here are a few important factors to know.