Mortgage Guard® – Lender-Placed Hazard & Liability Insurance

What is Mortgage Guard®?

Mortgage Guard consists of the Proctor Financial master policy for lender-placed hazard and liability insurance for residential and commercial properties. When a person fails to make insurance payments, a lender must acquire insurance for the property to protect the lender’s interest in that property. This process has been defined as lender-placed insurance (also called “forced placed” insurance within the industry). PFI’s Mortgage Guard product provides a flexible, affordable option to ensure a comprehensive coverage solution. Bundle Mortgage Guard with Bridge60® (flood) and optional premises liability for a complete coverage solution.

How Mortgage Guard benefits a financial institution

•    Lender named as insured to provide instant binding authority
•    Standard all-risk (including wind) for residential/mobile home properties
•    Named perils for commercial properties; all risk may be available
•    Optional coverages available as needed
•    Customized billing options
•    Outsourcing and insurance tracking services through “The Proctor Ensemble”

Mortgage Guard Resources
•    Mortgage Guard Program Highlights
•    Mortgage Guard Application

For more information, visit www.pfic.com/programbusiness, contact PFI at 800.521.6800 or e-mail us.