HomeTermsCompareFinance Private Mortgage InsuranceThe definition for Private Mortgage Insurance:Insurance against a loss by a lender in the event of default by a borrower (mortgagor). The insurance is similar to insurance by a governmental agency such as FHA, except that it is issued by a private insurance company. The premium is paid by the borrower and is included in the mortgage payment. Similar MatchesCoinsuranceCoinsuranceA sharing of the risk of an insurance policy by more than one insurer. Usually one insurer is liable up to a certain amount, the other liable over that amount. Federal Deposit Insurance Corporation (fdic)Federal Deposit Insurance Corporation (fdic)The federal corporation which insures against loss of deposits in banks, up to a maximum amount. Home Warranty InsuranceHome Warranty InsurancePrivate insurance insuring a buyer against defects (usually in plumbing, heating, and electrical) in the home he has purchased. The period of insurance varies and both new and used homes may be insured. Further SuggestionsKeyman InsuranceMortgage Insurance Mortgage Life Insurance Reinsurance Click to compare definitions of Private Mortgage Insurance Click to view definitions beginning pr |