lender placed Mortgage INsurance

• Backed by the world’s largest insurance market
• Up to $7 billion in insuring capacity
• Covers losses caused by multiple perils such as fire, smoke, water, wind, civil commotion, explosion, theft, vandalism etc.
• Immediate coverage – no waiting period
• Minimal property and loan information required to place coverage
• Coverage can be backdated up to 30 days – giving you up to 90 days of critical interim coverage pending borrower response
• Automatic Coverage (subject to eligibility criteria)
• Flexible borrower notification letter cycle
• Blanket coverage available
• Coverage automatically renews

1-4 Family Residential Properties

• Replacement Cost coverage of Building
• Actual Cash Value coverage on Other Structures
• No co-insurance requirement
• Debris Removal and Loss Avoidance Measures coverage
• Temporary Housing Expense up to $1,000 per loss
• Mobile Home coverage
• Unit Owner loss assessment coverage
• Optional Earthquake Coverage
• Liability coverage available for REO properties
• Up to $1,000,000 in building coverage (higher limits available)
• Various deductible options

Commercial Properties

• Replacement Cost coverage on Building
• Actual Cash Value coverage on Other Structures
• Coverage for commercial condominium units
• Coverage for hotels, motels, retail stores and other businesses establishments
• No co-insurance requirement
• Contents coverage available
• Up to $2,500,000 in building coverage (higher limits available)
• Various deductible options