REO / Forced Placement Insurance Program

This coverage protects the interest of the:

  • Mortgagee, Bank, Financial Institution or Servicing Agent on Lender Placed Policy
  • Owner, Trustee, Receiver or Servicing Agent on Real Estate Owned (REO)

Property and Liability coverage for properties can be included within a single policy. No vacancy limitations apply and coverage during construction rehab is allowed. Coverage is for commercial, industrial and residential locations.

Property & Casualty Contact Info:
Larry Maier
T: 201.661.2301

Brian Wagner
T: 516.304.3981

Program Details

Target Clients
  • Banks
  • Financial Institutions
  • Real Estate Investors
  • Mortgage Companies
  • Hedge Funds
Coverage Available
  • "All Risk" Property
  • Flood / Earthquake
  • Business Income / EE
  • Ordinance or Law Coverage
  • Equipment Breakdown
  • General Liability
Program Highlights
  • "All Risk" Property coverage includes fire, vandalism, malicious mischief and theft, explosion, hurricane, smoke, hail and windstorm
  • Optional deductible
  • Monthly, quarterly and annual billing options
  • Replacement Cost, Agreed Amount, and ACV coverage available
  • Vacancy clause includes no time limit (automatic cover)
  • Complete portfolio under one policy
  • Automatic coverage for newly acquired properties
  • No exclusion under REO Liability for Assault & Battery, Animal Bites, Swimming Pools
  • Coverage Available in all 50 States
  • Property under Rehab Allowed
  • Partially Completed Construction Projects Allowed
  • No coinsurance limitations