Mortgage Guard is Proctor Financial's master policy for lender placed hazard and liability insurance for residential and commercial properties. When a person fails to make insurance payments, a servicer must acquire insurance for the property to protect the financial institution´s interest in that property. This process has been defined as lender placed insurance (also called “forced placed” insurance within the industry). PFI´s Mortgage Guard product provides a flexible, affordable option to ensure a comprehensive coverage solution. Bundle Mortgage Guard with Bridge60® (flood) and optional premises liability for a complete coverage solution.