Mortgage Protection Insurance
— Provides contingent coverage for a portfolio on a blanket basis
— Can endorse liability coverage for risks stemming from vacant and exposed properties
— Provides an acclimated approach to protecting the assets of Mortgage Investment corporations (MICs).
A lender’s financial interest in loans secured by real property can be protected by mortgage protection, in the event that the property is uninsured and sustains physical loss or damage.
Coverage Highlights
Who purchases it?
Financial institutions and mortgages providers, including:
Banks
Mortgage Lenders
Mortgage Originators/Servicers
Mortgage Investment Corporations (MICs)
Credit Unions
Minimum Premium
Premium starts at $2,500
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