DeLong Associates

Insurance Products for Lenders

Products

These are the products we offer to our financial institution partners.

Forced Placed Blanket Fire Coverage: Coverage for real estate loans with lapsed property and casualty coverage or on foreclosed and REO properties.
Benefits of Coverage:

  • Improves control of exposure on real estate.
  • Requires no up-front costs or minimum premium.
  • Pays premium refunds if proof of coverage supplied.
  • Convenient billing system, monthly or annually.
  • Offers optional liability coverage.
  • Reduces insurance administration costs.

Flood Insurance: Flood insurance coverage for real estate loans requiring flood coverage.
Benefits of coverage: 

  • Offers forced placed options for loans requiring flood coverage.
  • Assists with compliance of flood insurance.
  • Offers optional flood determination services.

Insurance Tracking/Verifying continuous Coverage:
Benefits of Tracking:

  • By outsourcing your tracking to us, we take over the administration of this critical task.
  • Tracking insurance to ascertain that policies remain in force has become a major part of lenders' administration efforts.
  • Renewal notices, cancellation notices, payment notices, mortgagee changes all need to be monitored.
  • Tracking allows the financial institution to protect its collateral.

Lenders Single Interest (VSI):  Coverage for collateral that is repossessed and damaged.
Benefits of Coverage: 

  • Saves time by reducing insurance administration costs.
  • Offers optional coverage to insure existing loans.
  • Offers "GAP" coverage on new car loans.
  • Requires no insurance tracking or follow-up.

DeLong Associates has earned the trust of our Connecticut-based clients by serving as an INDEPENDENT agency that provides beneficial programs, integrity, and a level of service that is hard to find in today's marketplace.