Commercial
Property

Real Estate Owned (REO) & Forced Placed

Protecting Your Property Interests

Foreclosures and forced placed situations are a reality for banks and other mortgage lenders of today’s real estate market. BHHC understands that lenders may have little control over whether or not the property will be occupied. We’ve developed a Forced Placed & REO product, which is an extension of our Vacant Buildings & Dwellings product. We use many of the same forms, so you will know up front what coverages apply to the policy – regardless of occupancy. Our Forced Placed & REO product is available to lenders even if we don’t write their other lines of coverage.

Features and Guidelines

• Tailored property coverage form
• Simple monthly reporting form
• Mortgage value limit for Forced Placed properties
• Commercial and residential properties
• Vandalism & Malicious Mischief available
• Binding authority for residential (up to $1,000,000 per building)
• One market for both Forced Placed & REO
• Any size schedule

With Premises Liability (available for REO only), you can expect:

• Per occurrence limit up to $1,000,000
• Aggregate limit of two times occurrence

As of: 11/9/2022