Real Estate Articles tagged with: comprehensive insurance plans
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Real Estate Owned (“REO”) Insurance
REO insurance, also known as real estate owned insurance, protects lenders who are responsible for managing a number of properties. It is in the best interest of lenders to be fully insured, thus protected, with a real estate owned coverage plan to ultimately avoid liability, which can cripple a small business, especially in turbulent real estate times.
Real estate owned insurance by its very nature is designed to provide lenders with a full risk prevention type plan. Comprehensive insurance plans can shield against physical damages that …