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Secure Your Finances with Mortgage Insurance

Providing automobile and mortgage loans can be a gamble. Even people with excellent credit could pass along their financial difficulties to you. Protect your institution in Colorado, Missouri, Nebraska, Kansas, Wyoming and Iowa with gap and mortgage hazard insurance. R. G. Courter & Co. of Kansas City, Missouri, offers a variety of options that offer the ultimate in financial protection.

Mortgage Impairment

Mortgage Impairment is designed to save you money, time, and effort by simplifying the insurance process. The program requires only that you confirm adequate mortgagor insurance coverage at loan closing. There is no need thereafter to track the mortgagor's insurance coverage, or to react to known lapses, non-renewals, or cancellations of mortgagor coverage.

All real-estate secured loans, including first mortgages, second mortgages, home equity lines of credit, and commercial mortgages qualify for coverage. Mortgage Impairment protects your mortgage portfolio against:

  • Property Loss Perils "Required" in the Loan Documents
  • Errors and Omissions Liability Coverage for a Number of Loan Servicing Activities
  • Additional Perils Not Required in the Loan Documents, and Not Normally Included in Most Personal or Commercial Property Policies Purchased by Borrowers (Flood and Collapse, For Example)

Flood Protection

This option is a lender-placed flood program that protects residential, commercial, REO, and mobile home properties located in flood zones. Insurance limits mirror the National Flood Insurance Program (NFIP) with immediate coverage during the mandatory 45-day notification period.

Program Highlights:

  • Master Policy — Lender Is Named Insured with Instant Binding Authority
  • Coverage Available during the 45-Day Mandatory Notification Period
  • Lender Chooses Insured Value
  • Coverage Limits Mirror NFIP Program and Comply with Regulations Immediate Coverage on Reported Properties with 60-Day Delayed Billing
  • Premium Charged and Evidence of Insurance Issued after 60-Day Retro Period Has Expired
  • Internet-Based Reporting Options through Secure Website
  • Flexible Billing Options and Borrower Notification Letter Cycles
  • Refunds Issued on a Pro-Rata Basis

Mortgage Hazard Insurance

Mortgage Hazard Insurance consists of a master policy for lender-placed hazard and liability insurance for residential and commercial properties. When a person fails to make insurance payments, a lender must acquire insurance for the property to protect the lender's interest in that property.

This process has been defined as lender-placed insurance, which is also called "forced placed" insurance within the industry. This product provides a flexible, affordable option to ensure a comprehensive coverage solution.


KwikRisk is designed to insure properties where loan values exceed a lender's limits with other insurance or do not meet the minimum requirements. This type of insurance provides lender-placed coverage for vacant residential and commercial buildings, buildings undergoing repairs, strip malls, warehouse, new construction, 1 to 4 family dwellings and other qualified properties.

Additionally, it can be used to cover non-financial entities and non-real estate collateral such as contractor's equipment, machinery, and business personal property. A KwikRisk policy can include:

  • Terms of 3, 6, and 12 Months
  • Insured Limits up to $10,000,000
  • $1,000,000 Limit on Frame Construction