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Terrorism Insurance?

After the killing of Osama bin Laden over the weekend, interest in “terrorism insurance” has risen considerably. In fact, the U.S. State Department warned of “enhanced potential for anti-American violence,” the Insurance Information Institute said this …

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How Much Is Private Mortgage Insurance?

Private mortgage insurance, known as PMI in industry-speak, is a type of insurance that protects lenders against borrower default. It is required when the loan amount is in excess of 80% of the appraised value of the home. In short, PMI becomes necessa …

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