What Is HomeownerSelect™
If you are a mortgage lender or servicer, this is how you can help your qualified customers replace lender-placed coverage with insurance that covers more but costs less.
The circumstance that caused your customers to receive lender-placed coverage is important, but perhaps equally so is telling them that there is a better and more affordable choice — standard homeowners insurance that they can select with your help — faster and easier than you may think.
This is HomeownerSelect™ — the product and the plan to help certain customers replace lender-placed insurance.
HomeownerSelect™ for qualified LPI customers is our guaranteed-issue homeowners insurance policy to help your customers replace limited and more expensive lender-placed coverage.
Here are the Top 10 Facts why HomeownerSelect™ will put you and your customers in a better place:
- Responds to mortgage industry's need to reduce the lender-placed insurance customer population
- Offers a quick, easy, and convenient way for customers to accept a HomeownerSelect™ policy
- Provides meaningful cost savings vs. lender-placed insurance
- Compliant with state insurance regulations
- One- to four-family owner-occupied dwellings are instantly eligible
- Complies with UDAAP (Unfair, Deceptive and Abusive Acts and Practices) standards
- Covers the dwelling, personal property, loss of use and personal liability of your customer
- Provides greater access to fully underwritten homeowners insurance
- Insures up to $5 million per property location
- Serves customers through a dedicated Call Center and a nationwide network of licensed insurance agents