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
- Sublimit For Vandalism and Malicious Mischief
Advantages - Tailored Property Coverage Form
- Simple Monthly or Quarterly Reporting Form
- Small and Large Schedules
- We Insure the Loan Value, Not 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 |
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