Unique Insurance Solutions for Unique Needs
MORTGAGE
REO ASSET PROTECTION

Real Estate Owned (REO) Property & Liability Program

The REO Property and Liability Insurance Program provides Lenders, Services, Trustees and Investors with either Named Peril or All Risk Physical Damage for any portion of a portfolio of owned properties, foreclosed properties, and properties in the process of foreclosure. Coverage may also extend to properties held in trust for others.

Our REO Property Insurance Program is designed to provide Lenders of all types with Guaranteed Issue Protection and a wide variety of limits, deductibles and coverage options, wherever your risk may be located. Our Standard Property Limit is $2,000,000 per location with Higher Limits of up to $10,000,000 available.

Our REO Property Insurance Program offers a wide variety of liability limits, deductibles and coverage options. Standard Limits of Liability are $1,000,000 per location. Limits up to $10,000,000 or greater are available.

Our key REO Property Insurance protection features include:

  • Automated Monthly Reporting simplifies control and conserves cash flow
  • "A" Rated specialty carrier to assure lowest rates
  • Residential and Commercial Foreclosed Property
 
  • Immediate Coverage
  • Occupied or Vacant, in all states
  • Vandalism included
  • Theft of Building Parts available, (wiring, appliances, fixtures, etc)
  • Water Damage available
  • General Liability including commercial properties
  • Forced Placed available for pre-foreclosure stages

Optional Coverages to the basic REO Property Insurance Program include:

  • Broad Form or All Risk Commercial Perils
  • Demolition Expense
  • Ordinance or Law
  • Freeze, Discharge & Leakage
  • Real Estate Owned Contents
  • Flood and Earthquake
  • Pollution Extraction and Removal
  • Mine Subsidence
  • Builders Risk

Tri-Arc can customize a Real Estate Owned Property Insurance Program to meet your specific needs.

Real Estate Owned (REO) Property Insurance is available on an admitted basis in many states for all types of Residential and Commercial Property. Unique and customized programs are available on surplus lines basis in any state.