Mortgage Impairment

Part of a comprehensive suite Chubb provides to financial institutions, Mortgage Impairment Insurance provides cover for the financial interest of the mortgagee.

One of many Chubb products for financial institutions

A lender’s financial interest in loans secured by real property can be covered by an insurance product called Mortgage Impairment. This is applicable if the property is uninsured and sustains physical loss or damage, and the lender suffers loss following a sale of the property. Mortgage Impairment is just one of many Chubb products designed for financial institutions.

Please refer to the Policy for specific information regarding coverage, conditions and exclusions.

Why choose Chubb?

Experts in financial institutions

Chubb has a long history of insuring financial institutions . The dedicated Chubb financial institutions team delivers insurance solutions that respond to the unique needs of these institutions - backed by Chubb’s financial strength and renowned claims handling.

Who we serve

Banks
Mortgage lenders
Mortgage originators/servicers
Mortgage Investment Corporations
Credit unions

Scalable limit options

Limits up to $5 million AUD are available with excesses starting from $25,000 AUD. The scaleable limits and deductible allow clients to hold as little or as much of the risk as they are comfortable with.

Resources

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