Mortgage Impairment Coverage

This innovative Insurmark product combines traditional mortgage impairment/mortgage’s errors and omissions coverage with forced placed and foreclosed coverage including liability. By making traditionally optional coverages part of the policy form, GP3 helps financial institutions avoid coverage gaps in their portfolios.


Program Features

One GP3 policy replaces up to six separate policy forms:

  • Mortgage impairment
  • Mortgage’s errors and omissions
  • Foreclosed/real estate owned (REO) property
  • Foreclosed REO liability
  • Force placed hazard
  • Force placed flood insurance

Mortgage impairment/E&O

  • Requirement peril coverage
  • Non-required peril coverage
  • Real estate tax coverage
  • Flood determination coverage
  • Life, disability and insurance coverage
  • Coverage for loss of mortgage guarantee
  • Title insurance coverage
  • Recordation, loan payoff and reserve escrow


  • Foreclosed/REO property, including flood
  • Foreclosed/REO liability
  • Force placed hazard (optional)
  • Force placed flood (optional)

Eligible Properties (occupied or vacant)

  • Residential dwellings (1-4 family)
  • Mobile and manufactured homes
  • Commercial buildings
  • Commercial business property


  • United States


Eligible Insureds

  • Commercial banks, mortgage banks, savings and loans, and credit unions
  • Mortgage servicers

Policies underwritten and issued by Insurmark, a Managing General Underwriter. All carriers rated A.M. Best "A."
This information provides only a general description of the coverage afforded in the policies offered and should not be considered as altering the insuring agreement, terms, conditions, exclusions and endorsements of the policy itself. Please read the provisions contained in the actual policies and discuss them with your insurance professional.
Insurance is a division of Financial and Professional Risk Solution, Inc.



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