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Proctor Loan Protector - Hard-to-Place Property (KwikRisk)
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Hard-to-Place Property

KwikRisk®

Hard-to-Place Property Insurance

KwikRisk is designed to insure hard-to-place or high value commercial properties where loan values exceed a lender’s Mortgage Guard® or REO Guard® limit or where the specific property is not eligible under the Mortgage Guard program. In addition, KwikRisk can be used to cover non-financial entities and non-real estate collateral such as contractor’s equipment, machinery and business personal property.

Key Features Applies to Coverage Requirements
  • Hard-to-place property and unusual risks can be covered
  • Individually underwritten with tailored limits, coverages and terms
  • Non-financial entities and non-real estate collateral can be covered
  • Insurance quotes offered within 72 hours of submission
  • Also utilized in conjunction with Mortgage Guard & REO Guard to achieve higher limits

Key Features
  • Hard-to-place property and unusual risks can be covered
  • Individually underwritten with tailored limits, coverages and terms
  • Non-financial entities and non-real estate collateral can be covered
  • Insurance quotes offered within 72 hours of submission
  • Also utilized in conjunction with Mortgage Guard & REO Guard to achieve higher limits

Applies to
  • Financial institutions: mortgage servicers, community banks, credit unions, etc.
  • Hard money lenders
  • Trusts & Receiverships

Coverage
  • Coverage for vacant residential and commercial buildings, buildings undergoing repairs, strip malls, warehouse, new construction, 1 to 4 family dwellings and other qualified properties
  • Policy can include:
    • Terms of 3, 6, and 12 months
    • Insured limits up to $10,000,000
    • $1,000,000 limit on frame construction
  • Liability can include: Commercial General Liability (CGL) for mercantile, habitational and contractors, vacant buildings, vacant land up to 500 acres, Comprehensive Personal Liability (CPL) and other options

Requirements
  • Completed KwikRisk application

Apply Now

Financial Institution PDF Non-Financial Institution PDF

Learn More

Talk to our KwikRisk experts for more information about our insurance products.

Contact Us

Compatible Products

Mortgage Guard, Bridge60, Mortgage Impairment, EquiShield

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