Bob Ramalho

Berkshire Hathaway - Verani Realty

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Bob Ramalho August 30, 2023

Reasons You Need an Insurance Binder and How to Get One

An insurance binder for mortgage loans is a document that provides proof of insurance coverage for a property that is being financed with a mortgage loan. Mortgage lenders require borrowers to have insurance coverage on their property to protect their investment in case of damage or loss. When a borrower applies for a mortgage loan, the lender typically requires proof of insurance coverage before they will approve the loan. An insurance binder is a document issued by the insurance company that … [Read more...]

Filed Under: Real Estate Tagged With: Financial Protection, Insurance Binder, Real Estate

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