Property

Real Estate Owned / Forced Placed

When a borrower defaults, a financial institution may find itself owning real estate that served as collateral for the loan. This means that financial institutions will face a host of risks associated with these properties.

Capablities

Coverage

  • All Risk including Flood and Earthquake
  • Covers Buildings, Contents, Equipment, and Business Interruption
  • Coastal Exposure Available

Advantages

  • Tailored Property Coverage Form
  • Simple Monthly or Quarterly Reporting Form
  • Small and Large Schedules
  • We Insure the Loan Value and/or the RCV
  • Special Form or Manuscript
  • PC 9 & 10 Acceptable With Pre-Approval

Target Classes

  • Commercial Financial Institutions
  • Real Estate Owned
  • Properties Currently Under Renovation
  • Vacant Properties

Parameters

  • No Modular Homes
  • Named Insured Must Be A Financial Institution

Availability

  • Nationwide

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Contact Us

Robert Lynch
646.218.3271
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