ACE Expands Access to Disaster Mortgage Policy

ACE USA, Philadelphia, has announced expanded distribution of its ACE Disaster Mortgage Protection policy outside its traditional mortgage service provider channel.The move will allow general agents and their producers to have direct access to real-time quoting and buying of DMP coverage through a dedicated website. ACE DMP insurance pays a homeowner's monthly mortgage payment and makes available emergency cash if the home becomes uninhabitable for 48 hours due damage from a covered disaster. "The recent windstorm losses in Florida, along with the storms and mudslide losses in California, made us aware that we must make our ACE Disaster Mortgage Protection product available to a broader group of American homeowners," said Patricia Goudarzi, executive vice president of ACE Select Markets, a division of ACE USA. "Homeowners may not be aware that while the typical property policy pays for the repairs to their home, it does not make their mortgage payments or provide emergency cash if the home becomes uninhabitable." The dedicated website for DMP coverage can be found at http://www.marketplacemakers.com.