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
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Agents/Brokers
Property and Casualty
Workers Compensation
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Commercial Auto
Workers Compensation
Commercial Property Rater
For Agents
Use our Commercial Property Rater to quickly quote and bind your commercial properties.