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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.

Lender-Placed Hazard Insurance Available in Every State

Amanda Bowers Amanda Bowers , 11/15/2016
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Do you have clients or prospects that are banks, credit unions, mortgage servicers, mortgage bankers, and/or financial entities?

If so, Proctor has a competitive market for you with its Mortgage Guard® product (lender-placed & REO hazard insurance).

This program is available in your home state ##s_state##. Some of the advantages of this national program for financial institutions include:
  • Master policy program with no individual property underwriting
  • Multiple exclusive insurance carriers; AM Best "A" or better
  • Optional coverage including liability, flood, vacant theft, and more
  • Claims settled at replacement cost - even if property is not repaired (mobile homes at actual cash value)
  • Web-based reporting and hazard tracking options
  • Flexible billing options and compliant borrower notifications
  • Refunds issued on a pro-rata basis
  • Proprietary client portal for vendor management
The average premium for these policies is around $115,000. Submission requirements include: If you're interested in learning more, please email or call me.

Best regards,

Amanda Bowers
VP of Marketing
248.824.1464
[email protected]
Proctor Financial, Inc.
5225 Crooks Road,
Troy, MI 48098
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