SWBC provides REO insurance programs created exclusively for clients in the financial services industry, including banks, credit unions, and asset management companies. There’s no need to shop for multiple policies because one all-inclusive plan covers several risks.
REO protection is available for both residential and commercial properties and includes liability coverage; options for lender-placed insurance for your portfolio are also included.
With one all-peril policy, our clients’ REO properties are covered for:
- Hazard
- Windstorm
- Flood
- Theft
- Vandalism
- Earthquake (not available in California)
Key features of our comprehensive REO protection program include:
- Competitive pricing, optional deductibles, rate levels
- Monthly billing and reporting to improve monthly cash flow and create efficiencies when REO properties sell
- Expanded loss protection up to $5 million per property
- Prompt, in-house underwriting and timely claims handling
We work exclusively with “A+” and “A” rated carriers who are market leaders in writing property insurance. Stable, sound asset protection is the cornerstone of our business, custom built for your unique property requirements and needs – All in a short, easy process.