Blanket Mortgage Insurance provides mortgagees with either Named Peril or All Risk physical damage protection for any segment of their mortgage portfolio or for their entire mortgage portfolio. In the event that the mortgagor is not carrying contractually required hazard insurance naming the lender as mortgage holder, this coverage protects the mortgagee's security interest or servicing interest for others.
Blanket Mortgage Fire Insurance is available on an admitted basis in all states for all types of residential and commercial property. Unique and customized program are available on a surplus lines basis in any state. Coverage may be purchased on first mortgages, second mortgages and/or home equity lines of credit.
Our Blanket Mortgage Fire program offers a wide variety of limits, deductibles and coverage options. Standard Limits of Liability is $300,000 per location. Limits up to $5,000,000 are available. Coverage is generally limited to the mortgage loan balance. Coverage may be annual or monthly with various billing options. |