Avoid costly losses through asset protection

J.B. Lloyd and Associates, a division of U.S. Risk, has been in the business of helping community banks with insurance-related protection since 1988. The company offers a complete range of coverage solutions for banks’ lending departments, including: 

Lender Placed Hazard and Flood 

This coverage is purchased by lenders to protect their collateral interests in real property when they become aware of insurance lapses on an active mortgage loan or after a borrower’s real property is acquired through foreclosure. This includes wind and hail coverage in all coastal areas. J.B. Lloyd also offers both fully outsourced loan portfolio insurance tracking as well as self-reporting on our proprietary web-based portal.

Mortgage Impairment and Mortgage Errors and Omissions

JB Lloyd & Associates underwrites this coverage for Lloyds of London. Mortgage E&O policies protect you as a lender if you fail to require, procure or maintain your customary coverage on real property collateral and a loss occurs to the mortgaged property. Mortgage impairment protects a lender’s interest when you are unaware of a lapse of insurance coverage and a loss occurs to the mortgaged property. 

With more than 100 years of collective experience in bank insurance, the professionals at J.B. Lloyd and Associates specialize in risk solutions for financial institutions. This experience and specialization can help banks assess individual needs and choose the best, most cost-effective solutions, saving time and money. J.B. Lloyd and Associates has access to major carriers that are A-rated and above by AM Best. 

Good planning for asset protection is necessary to avoid costly losses. J.B. Lloyd and Associates can help. Contact one of their insurance professionals today. 

Beth Boisseau-Coots
[email protected]
972-342-4280
Aaron Cardwell
[email protected]
972-207-7855
www.usrisk.com/specialty-programs/financial-institutions/