Forced-Placed All Risk Hazard Insurance

Forced- Placed All Risk Hazard Insurance that covers Residential and Commercial Properties. This Program is used for Banks, Credit Unions, Savings Banks, Mortgage Companies and Investment Companies that secure their loans with real estate and require the customer to maintain hazard insurance. The coverage applies to first mortgages, second mortgages, home equity loans and lines of credit. The financial institution is the insured and once they are aware that no insurance exists covering a loan, they will force-place this insurance. This program is also be used to cover foreclosed properties. We offer two different programs, one with tracking and the other on a blanket basis. Wind/Hail coverage may not be available in coastal areas.