• UK
• US
  • Mortgage Impairment
• Rest of World

Mortgage Impairment / Forced Placed / Excess Flood

THB North America

Specialist facilities placed through Lloyd's of London, offering 'Lending Institutions' All Risks Coverage for their Mortgage and Repossessed Property Portfolios.

The object of these facilities is to protect the interests of Lending Institutions that are engaged in the granting of mortgages secured by Real Property both Residential and Commercial. Coverage is available to any institution including Commercial Banks, Savings Banks, Savings and Loans, Credit Unions, Mortgage Bankers, Life Companies etc.

The facilities are fully flexible allowing us to offer bespoke policies individually tailored to suit the particular needs of the lending institution.

Mortgage Impairment:

• Broad All Risks wording including Flood & Earthquake
• Facility Limits of USD50,000,000 (or currency equivalent)
• In-House Authority (24 hour quotation turnaround for majority of risks)
• Worldwide capability
• Over 30 years' experience in the Class
• Coverage written continuously by Lloyd's since 1958

Forced Placed / Repossessed Property:

• Broad All Risks wording including Flood & Earthquake
• Facility Limits of USD10,000,000
• In-House Authority
• Forced Placed Flood available up to NFIP limits
• General Liability Coverage available

Excess Flood:

• Facility Limits of USD10,000,000
• In-house Authority
• Commercial, Residential, Condominiums, Builders Risk
• V zones, Non-Participating Communities, Cobra Zones
• Special Facility for Condominiums qualifying for NFIP's RCBAP Program with an available Limit of USD20,000,000
• Contents and Business Income available
• Simple application
• Additional limits available in the Open Market