Compulsory Building And Contents Insurance

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Definition: Compulsory Building And Contents Insurance

Compulsory Building And Contents Insurance
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Full Definition of Compulsory Building And Contents Insurance

Some home lenders have in recent years enticed customers with competitive ‘fixed rate’ or ‘low start’ deals. These deals are often sold on the condition that the lender takes out the home lenders own insurance policy. In that way, lenders can profit from the insurance business as compensation for offering what may have been a ‘cheap’ mortgage deal.

Cite Term

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Page URL
https://payrollheaven.com/define/compulsory-building-and-contents-insurance/
Modern Language Association (MLA):
Compulsory Building And Contents Insurance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
May 22, 2024 https://payrollheaven.com/define/compulsory-building-and-contents-insurance/.
Chicago Manual of Style (CMS):
Compulsory Building And Contents Insurance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/compulsory-building-and-contents-insurance/ (accessed: May 22, 2024).
American Psychological Association (APA):
Compulsory Building And Contents Insurance. PayrollHeaven.com. Retrieved May 22, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/compulsory-building-and-contents-insurance/

Definition Sources

Definitions for Compulsory Building And Contents Insurance are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 15th February, 2020 | 0 Views.