Force Placed/Foreclosed Property
Offered by CRC
Commercial Property Vacant Property Force Placed ForeclosedDescription
This coverage protects the interest of the Financial Institution and the borrower on Forced Place and Real Estate Owned (REO) accounts. Liability coverage for REO properties can be included within a single policy along with property coverage.
Target Classes
-Commercial or Residential
-Properties under renovation
-Properties with Force Placed Insurance
-Real Estate Owned
-Vacant (secured) or Occupied
Available Coverage
-Earthquake (except AK, CA)
-Flood (except zones A, V)
-General Liability
-"All-Risk" Property Coverage
-Errors & Omissions Carve-out
-Forced Flood coverage for all property locations
Highlights
-Optional deductible
-"All Risk" Property coverage includes fire, vandalism, malicious
-Monthly, quarterly and annual billing options
-Replacement Cost and ACV coverage available
-Vacancy clause includes no time limit (automatic cover)
-Complete portfolio under one policy
-Automatic coverage for newly acquired properties
-Available Web-based systems allow the client to manage their account.
Target Classes
-Commercial or Residential
-Properties under renovation
-Properties with Force Placed Insurance
-Real Estate Owned
-Vacant (secured) or Occupied
Available Coverage
-Earthquake (except AK, CA)
-Flood (except zones A, V)
-General Liability
-"All-Risk" Property Coverage
-Errors & Omissions Carve-out
-Forced Flood coverage for all property locations
Highlights
-Optional deductible
-"All Risk" Property coverage includes fire, vandalism, malicious
-Monthly, quarterly and annual billing options
-Replacement Cost and ACV coverage available
-Vacancy clause includes no time limit (automatic cover)
-Complete portfolio under one policy
-Automatic coverage for newly acquired properties
-Available Web-based systems allow the client to manage their account.
Details
Has Pen
Carrier Information
Various
Admitted
Non-Admitted
Offered By
Availability 50 states + DC
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Covered
Not Covered
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