Insurance Lesson

Occurrence

An occurrence is one event that leads to a loss. A car accident. House fire, Busted water line, cracked window. These are all example of an occurrence.

Lesson Script

What This Video Covers

An occurrence is one event that leads to a loss. A car accident. House fire, Busted water line, cracked window. These are all example of an occurrence.

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Private Mortgage Insurance

Private mortgage insurance protects a lender if a borrower defaults on a conventional mortgage, commonly required with low down payments.