Sentences with phrase «loss against payment»

Not exact matches

Called FHA Mortgage Insurance Premium (MIP), this fee is a type of insurance that protect lenders against loss in case the home buyer can't make the payment.

Much like an auto insurer insured policyholders against loss from damage or accident, the FHA agreed to insure lenders against loss from lack of payment (which is known as «default» in mortgage terminology).

Based on recent PMI rates from mortgage insurance provider MGIC, this is a fee you pay on top of your mortgage payment to insure the lender against loss.

The main reason people get term life insurance is to protect against loss of income in case of death, so their loved ones will be financially secure and can cover essential expenses, including living expenses, mortgage payments, and college tuition.

MI provides loan level protection against first losses on individual low down payment mortgage loans — and in doing so, promotes broad access to sustainable homeownership for credit worthy borrowers while enhancing stability and liquidity in the housing finance system.

You'll find that, in addition to personal property coverage and liability protection, you're also covered against medical payments to others and loss of use.

PMI is a mandatory insurance policy for conventional loans which insures a lender against loss in the event that the homeowner stops making payments on a mortgage loan.

To insure against potential losses, FHA loans require a monthly mortgage insurance payment separate from homeowners insurance.

FHA, which insures mortgage lenders against losses on home mortgage loans, is tightening its lending requirements and changing down payment requirements for borrowers with credit scores below 580.

In case you're wondering why FHA should care whether a mortgage lender forecloses on homeowners who can not make their mortgage payments, FHA insures mortgage lenders against losses associated with FHA loans.

Those who are against accelerating mortgage payments often cite the loss of the mortgage interest tax deduction.

Private mortgage insurance (PMI) is insurance that protects a lender or investor against loss if a borrower stops making mortgage payments.

A low down payment loan is considered a greater risk for the lender, and mortgage insurance protects the lender against their risk of loss due to default.

Today, private capital in the form of mortgage insurance (MI) already provides significant risk protection against losses on low down payment loans.

Private Mortgage Insurance, or PMI, is insurance that protects the lender against loss if you (the borrower) stop making mortgage payments.

This insurance protects lenders against financial losses that result when homeowners default and stop making their mortgage payments.

The VA loan is not actually a loan, but rather government guarantees that protect the lender of loan against loss if the veteran defaults, and provides the lender with the protection they normally receive through requiring a down payment.

The lender will use the fee for an insurance policy to protect them against financial loss in the event of a borrower not meeting their mortgage payments.

Agency securities are guaranteed by the U.S. government as to the timely payment of principal and interest, however this guarantee does not apply to the yield, nor does it protect against loss of principal if the bonds are sold prior to the payment of all underlying mortgages.

Called FHA Mortgage Insurance Premium (MIP), this fee is a type of insurance that protect lenders against loss in case the home buyer can't make the payment.

The lineup includes a Structured Investment Option, which offers your employees the potential for market gains up to a specified limit along with some protection against some market losses.4 We also offer the Personal Income BenefitSM, a «pension - like» benefit that provides guaranteed withdrawal payments for life and may help employees address inflation, longevity, and market volatility concerns.5

The Consulting Agreement with Northern Lights Compliance Services, LLC («NLCS») provides that the Registrant agree to indemnify and hold NLCS harmless from and against any and all losses, damages, costs, charges, reasonable counsel fees, payments, expenses and liability arising out of or attributable to the Trust's refusal or failure to comply with the terms of the Agreement, or which arise out of the Trust's lack of good faith, gross negligence or willful misconduct with respect to the Trust's performance under or in connection with the Agreement.

The Fund Services Agreements with Gemini Fund Services, LLC («GFS») provides that the Registrant agrees to indemnify and hold GFS harmless from and against any and all losses, damages, costs, charges, reasonable counsel fees, payments, expenses and

GNMA's are guaranteed by the U.S. government as to the timely principal and interest, however this guarantee does not apply to the yield, nor does it protect against loss of principal if the bonds are sold prior to the payment of all underlying mortgages.

The AMERICAN HEARTWORM SOCIETY has taken security measures to protect against loss, misuse or alteration of payment and other information under the AMERICAN HEARTWORM SOCIETY's control in accordance with standard business practices.

To do this, victims possess the right to seek financial compensation for their losses and their suffering against an at - fault driver or insurance company and they may receive monetary payment to cover expenses like medical bills.

Specialising in heavy construction disputes arising from building & engineering activities both nationally and internationally, relating to breach of contract, delay & disruption, time extensions, prolongation, payment provisions, acceleration, loss of productivity, final accounts and professional negligence actions against professional advisers including architects / engineers, surveyors and solicitors.

acted against an Indian pharmaceutical company, who had defaulted on payments after making substantial losses in ISDA governed derivative transactions.

First - party claims are against the no - fault insurer and are meant to cover accident victims, regardless of fault, for economic damages, also known as personal injury protection (PIP) benefits (i.e. payments for medical expenses, wage loss, replacement services, attendant care, mileage, survivor's loss, and / or funeral expenses).

(a) is subrogated to and is deemed to be the assignee of all rights of recovery against any other person liable in respect of the loss, damage, bodily injury or death of a person to whom, on whose behalf or in respect of whom the payment of benefits or insurance money is made or to be made, and

The CA accepted that the claimant's right against the council was a statutory right to receive accommodation and care, but concluded that the fact that there was a statutory right in the claimant to have his or her loss made good in kind, rather than by payment of compensation, was not a sufficient reason for treating the cases differently.

Insurance companies offer many different products, each of them conferring some type of protection against loss to the policyholder in exchange for premium payments.

Liability Insurance offers protection against third party claims, which means that payment is maid to someone who suffers loss caused by an insured person.

While it is important to insure against such a loss, it must also be affordable to ensure that the client maintains premium payment on the coverage.

It provides insurance against property damage, injuries due to the negligent act of the employees, medical payments, compensatory losses and operational liabilities.

The main reason people get term life insurance is to protect against loss of income in case of death, so their loved ones will be financially secure and can cover essential expenses, including living expenses, mortgage payments, and college tuition.

The insolvency or bankruptcy of insured does not release the insurer from payment of liability or property damages to a third party for loss sustained under the policy, and an injured person may bring action against insurer directly if insured is insolvent.

I understand the insurance company has to confirm your loss to be able to pay you, but sometimes they seem to be more concerned with finding evidence against you to deny payment.

According to the CBI charge sheet, Paramount Airways Pvt Ltd (PAPL), its managing director M Thiagrajan, then CMD of Oriental Insurance Company Ltd (OICL) M Ramadoss, and three other officers were accused of causing wrongful loss to five public sector banks and the insurance company, against which claims of Rs 442 crore were raised due to payment defaults by the airline.

An insurance policy designed to provide additional coverage against major losses covered under the original policy if existing liability claim payments are exhausted past their limits.

MEDICAL PAYMENTS: This coverage provides protection against financial loss when you or others in your auto are injured.

It is purely a payment to the insurance company for temporary financial protection against loss of life.

It offers complete protection for your family against the financial loss or burden (such as repayment of mortgage for your house), with full sum assured payment in case of an unfortunate death.

Coverage, or more specifically insurance coverage, is the amount of protection in terms of a sum of money that an insurance company provides to an insured person whereby, in the event of risk or risks insured against take place, such as death or accident, the policyholder or a designated beneficiary or beneficiaries shall receive an indemnification or payment up to the extent of the loss.

These standard options will cover you for others» injuries and property damage, help with your own medical payments, protect you against losses due to theft, fire and other damage and even provide for replacement of your PWC in case of a total loss.

Protection for your family - complete protection for your family against the financial loss or burden (such as repayment of mortgage for your house), with full Sum Assured payment in case of an unfortunate death.

Add to this the provisions for medical payments coverage and loss of use, and you can clearly see that renters insurance is about much more than just protecting your clothes and furniture against the threat of fire in your condo.

User shall indemnify and hold Exide Life and / or the Affiliates, as the case may be, including their officers, employees and agents, indemnified against all losses and expenses on full indemnity basis which Exide Life may incur, sustain, suffer or is likely to suffer in connection with Exide Life or Affiliates» execution of the User's instructions and against all actions, claims, demands, proceedings, losses, damages, costs, charges and expenses as a consequence or by reason of providing a service through payment gateway for any action taken or omitted to be taken by Exide Life and / or the Affiliates, its officers, employees or agents, on the instructions of the User.

Payments made are to insure against a loss, in this case, your mother's death.

You acknowledge that, subject to us refunding any payment received from you, you have no right or claim against us for any loss, damage, cost or expense arising from our cancellation or rejection of any Subscriptions for a Product.