2z99xjkmvk 2z99xjkmvk

11-12-2020
Business

contestada

(04.03 LC)
Which type of insurance might lenders require borrowers to have
when taking out a mortgage?

A. Collision
B. Health
C. Liability
D. Property

Respuesta :

redmonddashalee redmonddashalee

02-06-2021

Answer:

Property

Explanation:

Property is what everyone always goes after, besides money.

Answer Link

chilljain33 chilljain33

09-06-2022

In mortgage, the lenders insure their amount by taking the property as collaterals from the borrowers.

What is a mortgage?

When an amount is granted to a person by a financial institution against a class of asset as security, where non-payment might lead to seizure of such asset by the lender, it is known as a mortgage.

Hence, option D holds true regarding a mortgage.

Learn more about mortgage here:

https://brainly.com/question/13447700

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