Summary |
Insurance for lenders is an emerging market segment, with new products, possibilities and concerns for all who participate. It represents a significant step forward in the evolution of meeting and transferring environmental risks from the participants in a transaction to n insurer. Obtaining the maximum benefits from this form of risk transfer requires an understanding of what is involved, how the policies operate, and where more traditional forms of risk assessment and analysis still, have a role to play.
The purpose of this book is to provide the reader with a fundamental guide to these issues and how this area evolved, how the policies operate, and what role they can play in lending transactions. It is a basic guidance and educational documents, rather than a comprehensive treatise or a legal treatise, addressed to an audience in the lending industry.
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