Mortgage impairment insurance covers a lender’s interest if a borrower failed to adequately insure a property. Real estate-owned (REO) policies cover banks and other mortgage lenders on repossessed property portfolios, while forced placed insurance allows mortgage providers to cover their interests when borrowers fail to purchase their own insurance.
ArgoGlobal’s clients for these types of coverage range from small community banks through to large multinational institutions.
Appetite & Availability
Some 95 percent of ArgoGlobal’s business is U.S.-based, with incidental coverage worldwide.
The company’s maximum line size is $5 million USD.
ArgoGlobal writes policies through a small number of specialist Lloyd’s brokers and coverholders.
ArgoGlobal fully understands this niche insurance class, and its underwriting team is backed by superior technical capabilities that help identify at-risk portfolios. This experienced claims team adds to the company’s market credibility.
For more information about Mortgage Impairment/Real Estate Owned, please contact: