ACE USA has expanded distribution of its ACE Disaster Mortgage Protection product outside of its traditional mortgage service provider channel. This expanded distribution strategy allows general agents and their producers direct access to real-time quoting and buying of DMP coverage through a dedicated website at www.marketplacemakers.com.
The DMP policy pays homeowners’ monthly mortgage payments while also giving them access to emergency cash should their home become uninhabitable for 48 hours or more due to a covered disaster causing damage to their home. Payments may be made for up to two full years while the home is being repaired or rebuilt. It alsor eimburses insureds their deductible amount under their primary property insurance (homeowners, flood, windstorm or earthquake). The policy is underwritten by ACE American Insurance Company in all states, except in Florida where Bankers Standard Insurance Company underwrites the coverage. Both companies are members of The ACE Group of Companies, rated A (Excellent) by A.M. Best Company and A+ (Strong) by Standard & Poor’s. This product is not available in Alaska, Conn., N.J., S.D. or Texas.
Web site: www.marketplacemakers.com