Lender Placed Hazard Insurance
 

Lender placed hazard insurance is a fundamental risk management tool for any lender with substantial exposure to uninsured real estate losses. When a mortgagor’s insurance lapses, a lender placed hazard insurance policy is often the only way to guarantee continued protection against the most common insurable perils. Berkshire’s Forced Placed Mortgage Insurance program may be combined with full service insurance tracking for a seamless risk management solution, or coverage may be ordered by the lender as needed.