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The Proctor Perspective | Agency Relations

Provides insurance professionals with mortgage industry insight and is a resource P&C agents to learn more about protocols associated with insurance solutions for financial institutions. If you have relationships with financial institutions, visit to learn more about business best practices, industry trends, competitive advantages, and income producing opportunities.

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Posts tagged with pfi - pfi

Looking for Residential Rental Property Insurance?

Author AmandaBowers , 11/29/2016
Proctor Financial, Inc. (PFI) offers an Investor/REO Rental Program which provides property and liability coverage for residential rental properties held by financial institutions, property investors, REITs and other real estate capital companies. The Investor/REO Rental Program is underwritten as a master policy with properties reported utilizing PFI's web-based reporting form. The result is immediate coverage, no individual property underwriting and streamlined administration.

What is an MGA?

Author MonicaSachdev , 6/23/2016
Managing General Agent (MGA) is an insurance agency or business entity who is granted authority by an insurance carrier to administer insurance programs and negotiate contracts on its behalf. The MGA acts as an intermediary between carriers and agents and/or insureds. Partnering with an MGA can be thought of as working with a dedicated branch office that provides specialized insurance programs within specific target classes. Working with an MGA can provide value-added expertise, access to multiple insurance markets, and a more efficient process in obtaining specific coverages as needed.

Investor/Rental Property Coverage Considerations

Author MonicaSachdev , 4/19/2016
Large and small American investors are taking advantage of the current residential trends and are seizing the opportunity to expand their portfolios. Buying, renovating, and renting residential properties is becoming a mainstream alternative to traditional ways of earning income. As an investor, a traditional home owners policy may not provide enough protection to safeguard your assets; especially if the property is vacant. Understanding property and liability insurance coverages is a critical component for anyone that invests in rental real estate properties because it can dictate your business’ overall success and protect your valuable investment.