Industry Solutions
Financial Institutions
Property & Casualty Insurance Financial Institutions can Depend On
At The Hartford, we put our years of experience with companies such as yours to work for you. Whether a community bank, credit union, mortgage banker, investment firm, insurance company or other depository institution, we understand your business and tailor coverage to meet the specific needs of your Financial Institution and protect what’s most important to you. So, you not only get our core coverage, you also get the benefit of enhanced protections specifically for your industry. Review a sampling of our industry-specific coverages for Financial Institutions below.
Property Coverage for Financial Institutions
| What We Offer | How You Will Benefit |
| ATMs | Coverage for ATMs at scheduled and unscheduled premises. |
| Mail Transportation Insurance | This option provides coverage for securities that are lost, stolen, or destroyed while in transit. |
| Mortgage Protection Insurance | This option provides coverage for mortgage impairment and mortgagee’s errors or omissions. |
| Newly Acquired Property | Coverage for newly acquired property – whether buildings or business personal property – with limits up to $1,000,000 |
| OREO / Foreclosed Properties | Optional extension of property coverage to buildings your institution acquires as a result of foreclosure proceedings. |
| Trust Properties | Built in coverage for real estate held in trust. |
Liability Coverage for Financial Institutions
| What We Offer | How You Will Benefit |
| Mortgagee’s Errors & Omissions | Provides protection from lawsuits and damage claims related to administering and servicing mortgages |
| OREO / Foreclosed Properties | Optional extension of liability coverage to buildings your institution acquires as a result of foreclosure proceedings. |
| Trust Properties | This optional coverage protects you for claims made against your institution if someone is injured on a property which is held in trust by your bank. |
Commercial Auto Coverage for Financial Institutions
| What We Offer | How You Will Benefit |
| Repossessed Auto | Coverage for automobiles repossessed on behalf of your Financial Institution |
The suggestions and information contained herein are provided for informational purposes only and are not intended to be all inclusive. Please refer to the issued policy for specific details regarding coverages, conditions and exclusions. In the event of a conflict between the terms contained herein and the policy, the policy terms and conditions will prevail.
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Discuss how to tailor our offerings to your specific business with a local insurance professional.