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Finance

Financial Risk Insurance

Herbert Insurance Group specialises in Mortgage Indemnity Insurance,  written through Lloyd's of London. This product is designed to protect non-bank lenders and their  investors, developers and property owners against financial  risks.  The Mortgage Indemnity Insurance and Mortgage Impairment Insurance policies protect these lenders and investors in various types of “pooled” contributory mortgage/debenture funds against loss of investor capital.  The policies provide cover for any shortfall that may occur following default by the borrower, leading to a mortgagee sale of the property which has been offered as security over the loan insured. 

The policy also provides “back up” protection in the event that the primary insurance policy covering the asset fails to respond to a claim. Many and varied policies relating to Pre-sale Guarantees, Surety Bonds, Residual Guarantee, Rental Guarantee Insurance, Tax Concession Liability Insurance and many other unique policies that are designed to protect investment funds have been put in place. Herbert Insurance’s Managing Director, Grant Herbert, is more than happy to discuss and seek to purchase cover for Risks that may not have been considered ‘insurable’ by others. 

Herbert’s act on behalf of many of the non-bank lenders both in New Zealand and Australia for this product. 

Specifically these products include:

  • Mortgage Impairment
  • Mortgage Indemnity
  • Mortgage Redemption

 

For all your enquiries please contact:

Grant Herbert
e: grant@herbertinsurancegroup.com
t: +64 9 336 7676

Shirley Goodare
e: shirley@herbertinsurancegroup.com
t: +64 9 336 7687

 

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