Insurance News Blog

As the COVID-19 (Coronavirus) pandemic continues to stress the economy and individual homeowners' and renters' budgets, lapses in insurance coverage can be a real danger. For lenders, having a portfolio property suffer an uninsured loss can be potentially devastating financially. With Blanket Mortgage Impairment insurance (BMI),...

Lee & Mason is pleased to announce its recent hire of Brian Talbot, who has joined the company as a Regional Vice President for the New England Market. A Boston native, Brian graduated from The College of the Holy Cross as an Economics major. Brian comes...

The average price of a new vehicle peaked at nearly $38,000 in 2020, and supply chain issues related to COVID-19 (Coronavirus) are likely to increase this cost in 2021 and beyond. This means that lenders carry more risk than ever before when it comes to...

UPDATE: December 2020 As we wrap up 2020 and look forward to 2021, Lee & Mason wanted to provide an update to our valuable customers. Just like you, our commitment remains on the health and safety of our employees and their families. While cases of COVID-19...

2020 has been a year of constant change and uncertainty. Despite COVID-19, its continued economic impact, and remote employees (both within your staff and among your customers), low interest rates continue to keep you busy with new loan and refinancing requests. Collateral protection insurance has never...

For lenders, one of the most significant risks to their collateral occurs when a property owner  allows their insurance coverage to lapse. If the property is damaged or destroyed due to fire, windstorm, vandalism, etc., without a valid insurance policy in place, the homeowner may...