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What’s “Lapse” Got to Do With it?

What’s “Lapse” Got to Do With it?

by Brian Hunt, AIC, CPCU | May 22, 2014 | Underwriting

Lapses in property insurance coverage are like the common cold. They happen frequently enough that we treat them like innocuous, routine occurrences. Properties are purchased in cash and the buyer isn’t required to have insurance immediately; payments get missed;...

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