Non-Performing Notes coverage protects your investment
Our Non-Performing Note coverage protects your interest while the terms of the note are being reworked or the property is being foreclosed. Uninsured or under-insured properties can hinder the borrower’s potential to repay their loan following a loss, or worse, leave you, the note-holder, responsible for repairing damages at the property. National Real Estate Insurance Group’s insurance for Non-Performing Notes can provide 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 coverage for your Non-Performing Note today!
What does Non-Performing
Note Insurance cover?
Non-Performing Note dwelling coverage can protect you against direct physical damage to the property. Property losses such as:
- Windstorm and Hail
- Theft and more
Choose between Basic and Special form coverage when discussing options with one of our insurance agents.
Premises Liability is needed to help protect the owner and you, as the note-holder, 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 Non-Performing Note Insurance coverage do I need?
Insurance is afforded to you based on your interest in the property, or the outstanding note 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 Insurance for Non-Performing Notes cost?
Insurance costs for Non-Performing Notes coverage vary. With NREIG, you can insure a property at $60 per square foot to obtain Actual Cash Value coverage with no co-insurance. Because of our monthly reporting form, you can pay for coverage monthly while you need it, with no minimum earned premiums or long term commitments.
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 terrorism to additional liability limit options.
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 about Lender-Placed Insurance or go to our Resource Center to learn more about different insurance topics.
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