Common use of Insurance Notice Clause in Contracts

Insurance Notice. If You do not purchase the required property insurance, the insurance We may purchase and charge Borrower(s) for will cover only Our interest in the Property. The premium for this insurance may be higher because the insurance company may have given Us the right to purchase insurance after uninsured collateral is lost or damaged. The insurance will not be liability insurance and will not satisfy any state financial responsibility or no fault laws.

Insurance Notice. If You you do not purchase the required property insurance, the insurance We we may purchase and charge Borrower(s) you for will cover only Our our interest in the Propertyproperty. The premium for this insurance may be higher because the insurance company com- pany may have given Us us the right to purchase insurance after uninsured collateral is lost or damaged. The insurance will not be liability insurance and will not satisfy any state financial responsibility or no fault laws.

Insurance Notice. If You you do not purchase the required property insurance, the insurance We we may purchase and charge Borrower(s) you for will cover only Our our interest in (Continued on next page) the Propertyproperty. The premium for this insurance may be higher because the insurance company may have given Us us the right to purchase insurance after uninsured collateral is lost or damaged. The insurance will not be liability insurance and will not satisfy any state financial responsibility or no fault laws.

Insurance Notice. If You you do not purchase the required property insurance, the insurance We we may purchase and charge Borrower(sborrower(s) for will cover only Our our interest in the Property. The premium for this insurance may be higher because the insurance company may have given Us us the right to purchase insurance after uninsured collateral is lost or damaged. The insurance will not be liability insurance and will not satisfy any state financial responsibility or no fault laws.