Designed to minimize the lender’s exposure in the scenario that a borrower fails to acquire or maintain adequate physical damage insurance for real estate properties. In the event that there’s a loss, you’re covered.

There are two types of Mortgage Impairment and Errors and Omissions (E&O) options. No insurance monitoring is necessary under Full Blanket. Under Standard Blanket, tracking insurance cancellations/lapse notices are necessary. The only requirement is that the lender provides a copy of the borrowers’ insurance in the file at closing.

Under both options, only the interests of the lender are protected. No protection is provided for the borrower.

Full Blanket
This plan provides blanket insurance coverage for all Real Estate Loans including: Residential, Commercial, Seconds, and Home Equity Loans.

• $1,000,000 – $5,000,000 of coverage against impairment (amount not able to recover on property).
• No tracking of insurance renewals or cancellations.
• This Policy can be used in conjunction with our Force Place Insurance Programs.