Home Equity & 2nd Blanket Mortgage Coverage

Most lenders prefer paying an annual premium to cover all loans as a cost-effective alternative to tracking or force-placing individual coverage for these types of loans. The follow-up work of getting evidence that the borrower has insurance or confirmation that the lender’s interest is noted in the borrower’s policy is time-consuming and costly.

This coverage protects only the lender’s interest and is excess to other insurance. 

 

Home Equity & 2nd Blanket Mortgage Feature & Benefits

  • Covers the entire Home Equity and 2nd Mortgage loan portfolio
  • All-risk coverage for residential properties
  • Fire, Extended Coverage and Vandalism & Malicious Mischief for commercial properties.
  • Eliminates tedious follow-up work
 

 

 

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