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If the address is valid, it is assigned a ZIP+4 code something like this: 12344-5678, where the first five digits are the ZIP code and the trailing four digits are the delivery range. An address with a ZIP+4 code (or nine-digit ZIP code) is considered to be valid. In most cases, this means that the address is deliverable.
Homeowners insurance protects the homeowner by paying for damage resulting from a covered homeowners claim. In contrast, mortgage insurance protects the mortgage lender when homeowners default on ...
A 1974 postage stamp encouraging people to use the ZIP Code on letters and parcels. A ZIP Code (an acronym for Zone Improvement Plan [1]) is a system of postal codes used by the United States Postal Service (USPS).
In a database, storing the ZIP+4 code in a 10 character field (with the hyphen) allows easy output in the address block, and storing the check digit in a 3-digit field (instead of calculating it) allows automatic checking of the validity of the ZIP+4 and delivery point fields in case one had been changed independently.
Home insurance rates vary by state, city and ZIP code and are typically based on common causes of loss in the area. For example, the cost of home insurance in high-crime neighborhoods is typically ...
Key takeaways. Many mortgage lenders require borrowers to have a homeowners insurance policy with a mortgagee clause. The mortgagee clause is a provision that protects the lender from financial ...
Mortgage insurance (also known as mortgage guarantee and home-loan insurance) is an insurance policy which compensates lenders or investors in mortgage-backed securities for losses due to the default of a mortgage loan. Mortgage insurance can be either public or private depending upon the insurer.
Mortgage insurance — sometimes referred to as PMI — financially protects your lender if you default on mortgage payments; homeowners insurance financially protects your home with coverage for ...