Mortgage Interest Insurance Program

POLICY FEATURES

RESIDENTIAL

• All Risk Policy
• Policy Limit - $300,000 any one location. Limits available up to $1,000,000 if policy properly endorsed
• Deductible for Residential $100, Mobile Homes $500 for occupied or vacant.
• Deductible for Vandalism and Malicious Mischief Residential $250, Mobile Homes $500.
• REO’s covered automatically. Must be reported on next regular report.

COMMERCIAL

• Named Peril Policy - Fire, Lightning, windstorm, hail, vandalism or malicious mischief.
• Policy Limit - $300,000 any one building, Limits available up to $1,000,000 if policy properly endorsed.
• Deductible for Commercial $500 for occupied or vacant.
• Deductible for Vandalism and Malicious Mischief $1,000.
• Commercial Contents on occupied property, if properly endorsed..

Types of PropertyAnnual Per $100 Per Year
Occupied Residential1.05
Vacant Residential1.05
Occupied Commercial1.40
Vacant Commercial1.70
Occupied Mobile Homes1.88
Vacant Mobile Homes1.88
Commercial Contents (Occupied only)1.40