Lender Placed Hazard Insurance
GAA offers the most competitive lender-placed hazard insurance program in the market place. GAA tailors the program to meet the lenders needs. The lender may elect to place and cancel the certificates themselves or they can fully outsource the program to GAA. There are many incremental steps in between to make sure the lender is satisfied with their level of involvement.
Our Insurance products are written through all of the available companies in the market place. We correctly fit the client with the policy that is best for them, saving money while providing the desired level of coverage.
All the companies that GAA places business with have an AM Best Financial strength rating of “A Excellent” or better. If a company were to drop below that mark the policy would be moved to another, stronger carrier.
The staff at GAA studies and is familiar with the coverage provided by the many carriers and can evaluate your portfolio flagging key risks. Then a policy and endorsements can be issued to make sure that your properties are protected and don’t slip through any holes in the coverage.
Coverage is available for the following property types:
- Residential Properties
- Commercial Properties
- Condominium association
- Coverage on commonly excluded risks such as churches, nursing homes and schools.
- Mobile Homes’
- Builder’s Risk
- Repossessed and Foreclosed Properties.
- Any property with a security agreement in place on collateral. *Certain restriction apply
