Lender-Placed Hazard Insurance

Loan Protector’s hazard insurance protects mortgage lenders and services when a borrower fails to maintain their own property insurance. With coverage written through numerous lender-placed carriers, we offer coverage limits up to $5 million per residential property and $35 million per commercial property. Higher limits may be available with additional underwriting information.

Residential Coverage Highlights:

  • All Risk – Special Form Coverage
  • Replacement Cost Settlement
  • Standalone Wind Coverage is available when wind is excluded from your borrower’s homeowner’s policy
  • Vandalism & Malicious Mischief Coverage included
  • (Optional) Blanket Condominium Endorsement provides coverage for condos while eliminating the need to track insurance on these loans
  • (Optional) Blanket Second Mortgage/HELOC Endorsement provides coverage for second mortgage/HELOC loans while eliminating the need to track insurance on these loans

Commercial Coverage Highlights:

  • All Risk – Special Form Coverage
  • Replacement Cost Settlement
  • Standalone Wind Coverage is available when wind is excluded from your borrower’s commercial property policy
  • Vandalism & Malicious Mischief Coverage Included
  • TRIA – Terrorism Risk Insurance Act Coverage
  • (Optional) Business Income/Loss of Rents
  • (Optional) Equipment Breakdown/Boiler & Machinery
  • (Optional) Course of Construction/Builders Risk
  • (Optional) Increased Cost of Construction

For more information contact Loan Protector at 877 369 5121 or click here to contact us.