What Does Servicing Contractors Rider Mean?

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What does Servicing Contractors Rider mean? Read on to discover the definition & meaning of the term Servicing Contractors Rider - to help you better understand the language used in insurance policies.

Servicing Contractors Rider

Servicing Contractors Rider

An endorsement to the financial institution bond that extends coverage for fraud losses perpetrated by an outside contractor retained to service real property mortgages.

We hope the you have a better understanding of the meaning of Servicing Contractors Rider.

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