Mortgage Protection
Our Mortgage Protection* offers Mortgage E&O/Impairment and Force Placed/Foreclosed Property coverage.
Broad Mortgage E&O and Impairment Coverage
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Mortgage Errors & Omissions protects banks against issues in securing and maintaining insurance on mortgage loans. |
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Mortgage Impairment expands protection and streamlines insurance verification functions. |
Compare Our Mortgage Impairment Options
Coverage
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ISO Package
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Typical Package
Offers
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Our Expanded
Offering
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Mortgage Holder's Interest
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√
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√
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√
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Property Owned or Held In Trust (limited)
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√
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√
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√
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Mortgage Holder's Liability: Insurance Escrow
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√
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√
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√
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Mortgage Holder's Liability: Real Estate Tax Escrow
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√
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√
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√
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Days of Coverage from Known Lapse
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√ (30 days)
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√ (60 days)
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√ (90 days)
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Flood Determination Errors & Omissions
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√
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√
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PMI/FHA/VA/Guarantee Protection
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√
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√
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Credit Life & Disability
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√
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√
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Instrument Non-filing
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√
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Real Estate Tax Interest
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√
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GNMA/FNMA/FHLMC Custodianship Error
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√
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Title Errors & Omissions and Interest
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√
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Checking/Tracking Requirement Deleted
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√
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Legal Assistance
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√
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Days of Coverage from Possession
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√ (90 days)
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Optional Coverage Available: Balance of Perils
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An Easy Solution for Force Placed/Foreclosed Property Coverage
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REcover ™ helps banks manage their property insurance portfolios with an online system to add or change coverage, view or print reports, and generate customer invoices. |
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Standalone coverage program insulates your P&C package loss experience. |
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Liability available for Foreclosed Property coverage. |
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Minimal underwriting information required. |
*Due to pre-existing exclusive ABA vendor endorsements, Mortgage Protection from ABA Insurance Services is not an ABA-endorsed coverage program.