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Brokerage
Real-Estate Owned (REO) Coverage
Real-estate-owned (REO) assets can be a drain on staff and financial resources at lending institutions. Preventing loss due to lapsed insurance is a necessary precaution in these challenging situations for commercial and residential properties.
Our lender-placed insurance solutions deliver confidence and peace-of-mind in a dynamic real estate market. We seamlessly deliver varied forms of coverage—wind, flood, and hazard—from several A.M. Best “A” rated carriers. Tracked by industry-leading technology, managing your lender-placed insurance needs in a compliant and timely manner is our specialty.
- Protection, convenience, and reliability for lender-owned property.
- Easy-to-access and cost-effective
- Monthly premiums can be started or stopped readily, saving you money
- Tailored technology, compliance, and reporting options coupled with comprehensive coverage.
- Guarantee issue
- No individual underwriting
- Simplified rating
- Flexible coverage terms
- Simplified rate structure
- Single- and multi-family residential
- Mobile homes
- Blanket second mortgages
- Newly acquired property
- Contents coverage
- Real-estate- owned (REO) property coverage
- Commercial property coverage
- Land-only liability
- Flood:
-
- Comprehensive lender-placed flood insurance that exceeds government requirements.
- Compliant with NFIP/FEMA requirements
- Excess flood – $10MM+
- Flood zone determination, classification, and monitoring services available
- Flood coverage option of $250,000 per residential and $500,000 per commercial property
- Coverage available for deficiencies/gaps
- Condo unit coverage available
- Contents coverage available
- Special form coverage with limits up to $10MM+, more on request
- Replacement cost: With certain exceptions, generally offers no depreciation adjustments
- General liability: Limits up to $1MM each occurrence with a $2MM aggregate; Excess coverage available
- Replacement cost or loan balance coverage
- $10MM+ limit(s) of liability per property
- Stand-alone wind and earthquake policies available
- Wind coverage: Available even in coastal areas and for named storms.
- Deductibles: Options from $250 up to $100,000 with special wind deductibles
- Earthquake coverage: Available in all states except Alaska and California (inquire as to options)
Highlights
- Protection, convenience, and reliability for lender-owned property.
- Easy-to-access and cost-effective
- Monthly premiums can be started or stopped readily, saving you money
- Tailored technology, compliance, and reporting options coupled with comprehensive coverage.
- Guarantee issue
- No individual underwriting
- Simplified rating
- Flexible coverage terms
- Simplified rate structure
Target Classes
- Single- and multi-family residential
- Mobile homes
- Blanket second mortgages
- Newly acquired property
- Contents coverage
- Real-estate- owned (REO) property coverage
- Commercial property coverage
- Land-only liability
Lines of Business
- Flood:
-
- Comprehensive lender-placed flood insurance that exceeds government requirements.
- Compliant with NFIP/FEMA requirements
- Excess flood – $10MM+
- Flood zone determination, classification, and monitoring services available
- Flood coverage option of $250,000 per residential and $500,000 per commercial property
- Coverage available for deficiencies/gaps
- Condo unit coverage available
- Contents coverage available
- Special form coverage with limits up to $10MM+, more on request
- Replacement cost: With certain exceptions, generally offers no depreciation adjustments
- General liability: Limits up to $1MM each occurrence with a $2MM aggregate; Excess coverage available
- Replacement cost or loan balance coverage
- $10MM+ limit(s) of liability per property
- Stand-alone wind and earthquake policies available
- Wind coverage: Available even in coastal areas and for named storms.
- Deductibles: Options from $250 up to $100,000 with special wind deductibles
- Earthquake coverage: Available in all states except Alaska and California (inquire as to options)
Contacts
Tom Elder, AU, ASLI, CRIS, AFIS, CICS
Senior Vice President
Baltimore, MD
Specialty Property Program
Office: 443.961.1387
Cell: 443.903.4238
“Again, I want to thank you for all your help! I really do appreciate it. I don’t think there are many companies out there who would be willing to work with us as much as you did!!”
Insurance Agency Office Manager
Lender-Placed / REO was last modified: September 15th, 2025 by