Warranty and indemnity (W&I) insurance policies are now frequently taken out by buyers on European leveraged buy-outs and can be a key element of the security package for the lenders. Review of the ...

A life insurance policy may be used as collateral to secure a loan. If you die before the loan is repaid, the lender will be repaid from the policy’s death benefit proceeds before beneficiaries can ...

The buyer of a home was not considered a mortgagee under a homeowners insurance policy when the proceeds from the sale were used to pay off the mortgage but there was no evidence that the buyer ...

After a home secured by a reverse mortgage was damaged in a fire that resulted in the death of the borrower and one of their adult children, the lender is eligible to receive insurance proceeds from ...