Mortgage servicing can be a risky business. Errors and omissions, title related issues, unpaid escrowed insurance, and non-payment of property taxes just scratch the surface of scenarios that you could face as a mortgage servicer. When you don’t know what events await, it’s vital to fully protect your collateral. SUI and OSC both have Mortgage Impairment Coverage that helps their respective clients protect businesses from costly risks.
Our experienced teams not only know how to track and insure your portfolio of properties, we know how to best protect our valued clients and mitigate other uncertainties you face in a dynamic business environment. Mortgage Impairment Coverage is protection that comes into play should certain non-covered losses, regulatory, or legal actions occur.
- Access to an A.M. Best A+ rated carrier
- Limit of $2MM, with higher limits available
- Reduced rates for 3-year policies
- Readily quoted upon completed submission with quick binding
Coverage can be tailored with varied options and deductibles for your specific business needs. Take advantage of this opportunity to protect you from unexpected costs. For agents serving community banks and SUI clients, please apply here. For mortgage lenders and agent partners of OSC, please apply here.