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!
Lender-placed alternative 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 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.
Why choose us for Lender-Placed Insurance?
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 additional umbrella liability insurance.
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 email@example.com.
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 with a dedicated Client Service Representative.
Read one of our articles below or go to our Resource Center to learn more about insuring investment properties.
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