Lenders Single Interest (LSI)
When was the last time you reviewed the total expenses associated with tracking and force placing the required borrower insurance? Did you know that force placed insurance programs can drive up delinquency and charge-offs by as much as 20%? Our blanket solution provides a cost-effective alternative to traditional force placed insurance. LSI is a time-tested product with a proven track record designed to protect against any uninsured exposure in your consumer loan portfolio secured by Autos, Pick up’s, Vans, Motorcycles, ATV’s, Jet skis, Mobile Homes, Chattels, Farm Equipment, RV’s & Watercraft.
Property Liability & Flood Coverage
- Dual and single interest coverage without coinsurance requirements
- Full-service client-based administration
- Annual and monthly premium billing option
- Web-based on-line reporting system with 24/7/365 access
- Competitive rates
- Pro-rata refunds
Mortgage Protection
Our risk management solution
- Eliminates insurance tracking
- Eliminates the need to respond or react to notices of non-renewal or cancellation
- No monthly reporting is required
Coverage is afforded for
- Residential 1st Mortgages
- Residential 2nd Mortgages
- Home Equity Lines of Credit
- Commercial Loans
Cyber Insurance
Currently no business is safe from privacy breaches and cyber attacks. Hackers have grown more sophisticated each day and as a result the demand for cyber insurance has grown significantly within Financial Institutions. Estimates vary but the average cost of a breach ranges anywhere from 300K to 5M. The market is very dynamic with coverages that vary from Insurer to Insurer.
We have developed unique partnerships with a variety of carriers that give us access to the best Network Security and Privacy Insurance solutions available within the USA. Understanding that each financial institution has different needs we have the ability to tailor your policy and its limits to minimize your cyber exposure/risk.
Insurers offer both first- and third-party insurance for cyber losses. First-party coverage insures for losses to the policyholder’s own data or lost income or for other harm to the policyholder’s business resulting from a data breach or cyber attack. Third -party coverage insures for the liability of the policyholder to third parties — including clients and governmental entities — arising from a data breach or cyber attack.
Next Steps...
Contact Us to complete an application or for more information so we can get you a rate indication.