Every mortgage loan portfolio has borrowers who fail to maintain hazard insurance for the full term of their loan. The risk of loss due to fire, lightening, wind, and other hazards is always present. Lender placed hazard Insurance gives a lender the ability to place coverage when a borrower fails to comply with the insurance requirement.
Key Features of our Lender Placed Hazard Insurance plan
- Coverage for residential, commercial, mobile home, and condominium properties
- Coverage for firsts and second mortgages; as well as lines of credit
- High limits and multiple deductible options
- Replacement Cost claim settlements
- Online placements and cancellations.
- Lender has instant binding authority
- Coverage for properties that are occupied, vacant, or under construction
- Commercial contents coverage available.
- Coverage for Farm properties available
- Option for borrower notices to be mailed on lenders behalf
- Underwriting insurance company rated “Excellent” by A. M. Best
For more information, call Wickline Financial Insurance at 800-743-9982 Or email to: lwickline@wicklineinsurance.com