|
|
Private Mortgage Insurance |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Private Mortgage InsuranceInsurance against a loss by a lender in the event of default by a borrower (mortgagor). The insurance is similar to insurance by a governmental agency such as FHA, except that it is issued by a private insurance company. The premium is paid by the borrower and is included in the mortgage payment.Private Mortgage Insurance Similar MatchesFederal Deposit Insurance Corporation (fdic)Federal Deposit Insurance Corporation (fdic)The federal corporation which insures against loss of deposits in banks, up to a maximum amount. ReinsuranceReinsuranceThe mitigation of all or some of an insurance risk by an insurer by transferring to another insurer in return for the payment or part payment of premiums. Major medical expenses insuranceMajor medical expenses insuranceInsurance which pays out a lump sum if you have certain specified surgery. Stock insurance companyStock insurance companyAn insurance company owned by a group of stockholders, who are not necessarily policyholders. Term insuranceTerm insuranceProvides a death benefit only, no build up of cash value. Further SuggestionsSavings Association Insurance Fund (SAIF)Insurance agent Insurance broker Foreign Credit Insurance Association (FCIA) universal life insurance Mortgage payment protection insurance (MPPI) motor insurance Insurance excess Second to die insurance Annual renewable term insurance Insurance claim Conditional insurance Guaranteed insurance contract Federal Insurance Contributions Act Multiple peril insurance National Insurance (NI) Basic Pension homeowners insurance Uninsured motorist insurance Guaranteed renewable policy insurance loss of income insurance Title insurance War Risk Insurance Liability insurance deposit insurance Financial guarantee insurance |
|
|
|