What Does Forced Placed Mean?
What does Forced Placed mean? Read on to discover the definition & meaning of the term Forced Placed - to help you better understand the language used in insurance policies.
Forced Placed
Insurance that must be purchased to comply with terms of a contract for example, a mortgagee can purchase insurance on a mortgaged property and charge the premium to the mortgagor.
We hope the you have a better understanding of the meaning of Forced Placed.
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