Avoid costly losses with 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 and offers a complete range of coverage solutions for banks’ lending departments. These coverage options include:  

Lender Placed Hazard and Flood  

Lenders purchase insurance 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 coverage includes wind and hail coverage in all coastal areas. J.B. Lloyd offers fully outsourced loan portfolio insurance tracking and self-reporting on our proprietary web-based portal. 

Mortgage Impairment and Mortgage Errors and Omissions 

J.B. 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 you 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. Consult with one of our 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

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