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Single Interest Insurance

Occurence
June 7, 2017
Special Class
June 7, 2017
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Insurance coverage for only one of the parties sharing an insurable interest in a property. For instance, if a policyholder still owes money on his mortgage, but doesn’t have homeowner’s insurance, the lender may take out a single interest insurance policy to protect its own interest in the property. Single interest insurance protects only the policyholder, not the homeowner.

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