قالب وردپرس درنا توس
Home / Insurance / Sompo policy offers mortgage protection

Sompo policy offers mortgage protection



Sompo Global Risk Solutions will offer specialized property and liability protection to US banks and lending institutions for its loan portfolios, parent Sompo International Holdings Ltd., a bermuda-based specialist in property / non-life insurance and reinsurance statement Tuesday.

The Sompo GRS policy provides mortgage protection protection against exposures created by bad debts, particularly in the case of uninsured or insured damage to the related properties, the statement says.

Targeting banks, mortgage loans, credit unions, finance companies and insurance companies, the policy also offers coverage for exposures due to errors and omissions associated with their role in paying home loans, the statement said.

"The launch of our new mortgage loan protects the product's breadth offering to financial institutions," Nelson Telemaco, senior vice president and financial institution Tuts property / accident leader of Sompo GRS, said in the statement.

                    


Source link