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Force-placed insurance

  • Listed: August 12, 2022 2:30 pm
  • Expires: This ad has expired

Description

What is force-placed insurance?

In order to get a loan to buy a vehicle, you must have insurance to cover the vehicle itself. If you fail to obtain insurance or you let your insurance lapse, the contract usually gives the lender the right  to get insurance to cover the vehicle. This insurance is called “force-placed insurance.”

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Listing ID: 74562f6640fe653f

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