Force-placed insurance home

How Does Force-Placed Insurance Work? What to Know about Your Lender-Required Policy

The purpose of homeowner’s insurance is to protect your home in case it is damaged. In some cases, your mortgage lender may require you to carry a policy known as force-placed insurance, or lender-placed insurance. What is this type of insurance and what should you know about it? I answer these questions below. What Is Force-Placed Insurance? When you take …