Blanket Mortgage Hazard Insurance

Blanket Mortgage protection covers a lender’s entire mortgage portfolio for property damage and is an alternative for force-placed mortgage hazard insurance. This coverage is designed to cover unknown lapses in a homeowner’s insurance coverage. When a loss occurs to a mortgaged property and primary insurance is not in place, the lender is protected up to the outstanding loan balance.


Benefits of a Blanket Mortgage Hazard policy:

Blanket Mortgage provides all-risk property damage protection on uninsured and underinsured losses to residential and commercial mortgage portfolios. Loan types include 1st & 2nd mortgages, home equity lines, and commercial real estate loans.

  • Blanket coverage eliminates renewal/cancellation insurance tracking after insurance has been verified at closing.
  • Eliminates risk of false force-placement premiums on covered loans and unnecessary debits and credits.
  • Reduces negative borrower contacts with dual-interest coverage taking the place of force-placed notifications.
  • Properties are covered through the foreclosure process.

To fully protect your risk exposures, Unitas Financial Services provides additional policies as needed, including:


Click here to watch our latest video case study about how Nova Credit Union switched from tracking and force-placing to Blanket Mortgage Insurance. 

Unitas Blanket Mortgage Case Study Thumb Nail


Click here to learn more about Blanket Portfolio Protection for all types of loans.



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