Typically used when a lender has a Loan To Value restriction on individual mortgage loans from a risk management or regulatory perspective. This structure provides loan by loan coverage from the original LTV down to a specified attachment point.
We can offer a number of variations to this type of cover including
Deep Cover
Capped Frequency
Stop-Loss
SECONDARY COVER (2NDLOSS COVER)
Where loan-by-loan coverage is provided on mortgages with Primary Cover already in place or where the lender has self-insured the Primary Cover
Deep Cover
