Financial Institutions
Lending institutions can protect themselves from the financial risk associated with loan defaults on properties with environmental contamination. Foreclosures can leave lenders with costly legal actions and unmarketable properties.
Synapse can offer flexible, versatile products to not only protect against loan default, but environmental insurance can be used to increase efficiencies in the credit review and loan approval process.
Typical Customers
- Community Banks
- Commercial Banks
- Capital Market Lenders
Features & Options
- Policy terms up to 20 years.
- Loss from loan default.
- Cost of clean-up.
- Used to support securitization.
- Bodily Injury and Property Damage arising from the insured property.
- Single site or entire portfolio.