MORTGAGE INTEREST INSURANCE PROGRAM (commonly known as MIIP) is designed for the occasion when a financial institution discovers a piece of property where they hold the lien, or one that has been foreclosed, but proper insurance does not exist. Coverage is then placed by a simple phone call, or fax, to the insurance company.

Properties can be covered by a monthly or annual policy. A certificate will be provided on annual coverage, and can be placed in the file to satisfy your examiners and auditors. You will be given notice 60 days prior to renewal on Annual properties. Monthly properties will automatically renew until you inform us to cancel coverage.

This product is extremely flexible in that it can cover Residential or Commercial property, as well as Mobile Homes, on either an Occupied or Vacant basis. Commercial Contents coverage can also be written on Occupied Commercial property.

You can choose to make the coverage single interest by covering only the loan amount, or dual interest by insuring the full value of the property.

Once the Master policy is issued to the lender, coverage can be bound virtually immediately by providing only basic information such as the loan number, physical address and the desired amount of coverage.