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REO insurance, force placed insuranceHomebuyers, bankers and other real estate associates are usually familiar with most of the insurance policies available for various properties. From homeowner's insurance to hazard coverage, every property must have a policy to cover any damages that might occur over the years. However, real-estate owned (REO) properties, are normally vacant and vulnerable to theft and vandalism. Although many people might believe that REO insurance is only available to lenders, there are other property administrators that can also utilize this type of coverage.
unoccupied property insurance, vacant home insurance Homes remain vacant for a variety of reasons, from off-season vacation rentals to long real estate escrow periods. Although no valuable items may be inside the structure, the property itself still requires vacant home insurance. Several reasons exist that prove unoccupied property insurance is a necessity to protect structures and owners.
force placed insurance, bank owned properties Property owners are familiar with homeowners insurance covering basic structural damages, such as broken windows during a rainstorm. This insurance is usually mandatory when residents are actively paying off a mortgage. If insurance coverage isn't sufficient in the eyes of the lender, banks could impose force placed insurance. This insurance is crucial to property protection whether it's currently inhabited or vacant. Consider how force placed policies protect a home to benefit both lenders and homeowners.

Your insurance policy and Surplus lines account Insurance should not be a scary mystery of the unknown. One trend I have seen in working with clients is insurance companies or agents not...

One of the most valuable investments you can make is the investment in yourself and your knowledge. If you are able to familiarize yourself with insurance terms you will be...