A type of insurance that allows lenders to guarantee the value of property that is being used as collateral for a loan. The property is usually professional appraised before the certificate of guarantee is released. The insurance also allows lenders to recoup a certain amount of money if the property must be sold.
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Collateral value insurance also guarantees a minimum liquidation value in the event the property must be sold. In most cases, the property being used as ...
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collateral value insurance - Insurance that guarantees the value of property pledged as collateral for a loan.
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To determine collateral value? Insurance protection? Buy/Sell agreement? Estate planning? Have assets to sell? Appraisals are needed because your situation ...