A Blanket Mortgage Hazard Insurance policy will cover an eligible loss on a borrower's uninsured property, without requiring the lender to track for current insurance on certain loan portfolio segments.

The cost of the blanket coverage is paid for by the lender and is based on multiple underwriting criteria of the insured lender.

Generally, there are four blanket options available based on the cost, coverage and administrative goals of the bank.

1. Blanket Mortgage Hazard policy
2. Blanket Mortgage Impairment (non-checking)
3. Blanket Mortgage Impairment (ex-checking)
4. Blanket Mortgage Impairment (checking)

We can help you sort out your options and assist you in making an informed risk based decision.

Click here to contact Jamey Lawrence at jlawrence3@lawrencevictoria.com or 440-349-0775 ext. 105