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In recent leak of BOFA scandal from one of his ex-employee here and here. Its important to know what is “Forced Placed Insurance”?at the first place.
Homeowner’s insurance is a serious issue that must be taken serious by homeowner’s. Never allow yourself to be in the position where a forced-placed insurance policy is placed by the lender which eliminates any claim you may have. It is always better to be safe than sorry. See more detailed information about “Forced Placed Insurance” here.
You may also interested in Forced Placed Flood Insurance? here
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