Cool New Blog
“LFPI [Lender force-placed insurance] is insurance which protects the lender’s interest in the borrower’s collateral. It is “collateral protection insurance” in the sense that it is insurance which protects only the collateral.“
Dennis went on to chronicle for us some of the many problems and ethical issues that arose from this.
Well, Dennis has a new blog now(which we’ve added to the sidebar), called (appropriately enough) Claims and Issues. It’s less focused on insurance claims and issues, and more about just claims issues in general. Do check it out.
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