vendors dual interest coverage
Vendors dual interest coverage is insurance purchased by financial institutions that covers physical damage to property (collateral) on which loans have been made.
vendors dual interest coverage
Vendors dual interest coverage is insurance purchased by financial institutions that covers physical damage to property (collateral) on which loans have been made.
Additional Information
The premium is usually assessed against the borrower. Vendors dual interest coverage contrasts with vendors single interest coverage in that it protects the interests of both the lender and the borrower in the covered property.
