Collateral Protection Real Estate
A healthy real estate market is great for business. But it doesn't take many mortgage loan losses to seriously hurt your bottom line. Do you have a Collateral Protection (CP) program that guards your mortgage portfolio and supports your operations?
A home fire occurs every 93 seconds in the U.S.*Your CUNA Mutual Group Sales Executive can review your specific needs and the available options so you can make an informed decision
Collateral Protection Real Estate Insurance Options
Blanket Mortgage
An easier way to protect your entire portfolio. There are no monthly reports to file, no member communications to send, no disclosure requirements to follow.
Coverage
- Hazard
Immediate Issue
A self-service program that puts you in charge throughout the process, including whether insurance should be placed.
Coverage
- Hazard/Fire
- Flood
- Wind
- Liability
Tracked Mortgage
A full-service program that tracks members' personal insurance, manages communications, and determines when to place insurance.
Coverage
- Hazard/Fire
- Flood
- Wind
Flood Zone Determination
A pre-mortgage service that identifies if a property is located in a flood zone and if flood insurance is required. Meets compliance and FEMA requirements.
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*Ahrens , M., & Evarts, B. (2020). Fire loss in the United States. NFPA report - Fire loss in the United States.
CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. Real Estate protection products are brokered through CUNA Mutual Insurance Agency, Inc. and van Wagenen Financial Services administrates the Collateral Protection Real Estate programs. Product availability and features may vary by jurisdiction and are subject to actual policy language.
CP-1201813.8-0122-0224
