Loan Agreement

Lender-Placed Insurance to protect your interests

Our Lender-Placed Insurance alternative coverage protects the interest of a lender or mortgagee when the borrower’s coverage has lapsed or is insufficient. Uninsured or under-insured properties can hinder the borrower’s potential to repay their loan following a loss, or worse, leave you, the lender, responsible for repairing damages at the property. National Real Estate Insurance Group’s LenderGuard can help lenders place property and liability coverage so this doesn’t happen to you.

Submit property information using our online proposal request, and receive a custom proposal. An agent will contact you to go over your insurance options and help you choose the best coverage to protect your interests as a lender.

Start a proposal request to get your Lender-Placed Insurance alternative today!

What does Lender-Placed
Insurance cover?

Lender-placed alternative dwelling coverage can protect you against direct physical damage to the property. Property losses such as:

  • Fire
  • Lightning
  • Windstorm and Hail
  • Vandalism
  • Theft and more

Choose between Basic and Special form coverage when discussing options with one of our insurance agents.

Liability insurance

Premises Liability is needed to help protect the owner and you, as the lender, from claims that happen at the property. Examples include:

  • If someone were to slip and fall on the property
  • If the tenant sustained injuries from a carbon monoxide leak
  • Coverage extends to pools and spas, provided they meet code
  • Medical expenses are included

Our liability insurance options start as low as $7 per month, per property and come with $1,000,000 per occurrence and $2,000,000 aggregate limits of liability.

How much Lender-Placed Insurance coverage do I need?

Lender-Placed Insurance is afforded to you based on your interest in the property, or the outstanding loan value. After you request a proposal, an agent will discuss with you how much coverage you need as everyone’s situation is different. You can request a proposal or call 888.741.8454 to discuss your proposal with one of our licensed insurance professionals.

How much does Lender-Placed Insurance cost?

Insurance costs for Lender-Placed coverage vary. With NREIG you can insure a property at $75 per square foot to obtain Actual Cash Value coverage with no coinsurance. Because of our monthly reporting form, you can pay for coverage monthly with no minimum earned premiums or long-term commitments.

Why choose us for Lender-Placed Insurance?

Add more coverage to protect your interests

National Real Estate Insurance Group has one of the most comprehensive coverage options in the industry. After you request a proposal, an agent will contact you to discuss your proposal and offer additional coverage options to limit your exposure. We have products ranging from flood to earth movement to additional liability  limit options.

Design your custom insurance requirements

As a lender, it’s important to provide your borrowers with comprehensive requirements for the insurance coverage they must carry before funding their loan. Failure to do so, can result in your borrower defaulting on a loan should they have a loss occur for which they weren’t covered. If you would like to design your custom insurance requirements with the help of our licensed insurance professionals, please email

Manage your Lender-Placed Insurance with ease

When insuring your properties with NREIG, you can make coverage changes and pay for coverage as-you-go. Our clients can choose to manage their account online 24/7 or work with their Client Service Advisor.

NREIG Client Portal

Need to speak to an agent?

Please give us a call at 888.741.8454 to speak to a licensed insurance professional. If you would like to discuss your specific location, please request an insurance proposal and one of our agents will contact you shortly.

Want to learn more about investment property insurance?

Read one of our articles below or go to our Resource Center to learn more about insuring investment properties.