EquiShield®

Why Partner With Us?

Proctor Financial has established relationships with multiple AM Best carriers rated "A-" or better. The result — exceptional program flexibility and stability backed by the proven performance of a leader:

A legacy of experience 125 years strong
Pioneer of lender-placed insurance
Trusted by over 1,600 lenders nationwide
Over $23 billion of coverage in force

Contact Us

Phone: 800.521.6800
Fax: 248.269.5735
Email: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

200 Kirts Boulevard
Suite 100
Troy, Michigan, 48084

Affiliations / Partnerships

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EquiShield® • Blanket Hazard Insurance Home Equity

EquiShield^®

Blanket Home Equity and Second Mortgage Hazard Insurance

EquiShield provides comprehensive all-risk portfolio protection for residential second, third or non-purchase first mortgages, second deeds of trust, closed or open-ended home equity loans and consumer lending mortgages or refinances.

Overview

Single Blanket Insurance Policy

• No individual properties to report

All-Risk, Broad Coverage on Residential Properties

• May include flood

Lender’s Security Interest Covered

One Annual Premium based upon:

              • Portfolio size
              • Lending activity
              • Geographic spread

Policy responds when mortgagor’s primary insurance does not pay for losses incurred
Losses are adjusted up to mortgage balance on a replacement cost basis if the property is repaired; otherwise actual cash value.
Per occurrence limits from $250,000 to $5,000,000.
Eliminates need to verify insurance coverage on individual properties for securitization

Mortgage Guard® and Bridge 60®, Lender Placed Hazard and Flood Insurance, are available for first mortgages, REO, and Commercial properties.

EquiShield^® Program Summary

Equishield^® Application

To learn more about our Equishield^®insurance solution, call 877.456.7294.

Proctor Financial, Inc.