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Blanket Mortgage

Coverage of the entire mortgage loan portfolio against uninsured physical damage without the expense of tracking property insurance.

• Provides all risks coverage for commercial, residential and mobile homes

• Options available to cover Second Mortgages and Equity loans only for a reduced rate

• Covers the lender’s entire portfolio for property coverage

• Lessens the burden and need for insurance tracking by providing proof of coverage at loan closing

• Covers exposed properties without the loan having to be in default or foreclosure

• Claims paid at Replacement Cost instead of Actual Cash Value if the lender/borrower opts to repair the property

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