At South Atlantic Mortgage Corporation, we help you secure the insurance policies necessary for your property loan. Our loan officers can help you understand which policies are mandatory in South Florida. They can also expedite your loan processing by providing you with a list of insurance companies and brokers working in your area.

A quick glossary of the different property insurance policies

Hazard Insurance
Insurance coverage against damage caused to property by fire, windstorm or other common hazards.

Homeowner's Insurance
An insurance policy that combines personal liability insurance and hazard insurance coverage for a dwelling and its contents.

Mortgage Loan Insurance
An insurance policy that pays part or all of the mortgage debt upon the death of the insured person, on behalf of the borrower.

Private Mortgage Insurance (P.M.I.)
An insurance policy that provides insurance coverage for a property in case of default on the mortgage loan. This type of insurance is required for mortgage loans equivalent to 80% or more of the total property value.