1.
Insurance provided on the mortgage company's behalf
2.
State Farm is an example of ________ insurance
3.
The maximum amount the insurance company will issue for a claim
4.
Where will Lender Placed Insurance Department send the claim check and adjuster's report?
5.
When the borrower's original adjuster's report does not include all the damages, the insurance company may issue _________.
6.
If the original adjuster's report did not include all of the damages the insurance company paid out for, it needs to be ________.
7.
Once all repairs are completed, the insurance company will release ________ depreciation.
8.
We ask that the check be __________ before it is sent to Loss Drafts, in case we need to deposit it for any reason.
9.
Whose name is the Lender Placed Insurance claim check made out to?
10.
What document is Loss Drafts required to send to a borrower with a Lender Placed claim?
11.
If a borrower has Lender Placed insurance, who is typically their insurance company?
12.
A supplemental document to the adjuster's eport providing additional information about the payments.
13.
Court document stating a person will have authorization to represent or act on another's behalf while alive.
14.
A requirement on every call, no matter the caller.
15.
A caller is not fully verified until they have provided ________ verification points.
16.
An insurance agent will have to verify the _________ in addition to the claim or policy #.
17.
What is needed for Loss Drafts to be able to speak with anyone other than a named borrower on the loan?
18.
Authorization can be written or _________.
19.
A court document providing authorization
20.
Information that can be provided to an authorized third party must be only _______ _________.
21.
ANYONE is able to open a _______ ______.
22.
We can provide any caller ________ information.
