Florida Forced Placed & Lender-Placed Insurance Replacement

Lender-placed insurance kicks in when your mortgage servicer doesn't see proof your policy is in force — and the bank's coverage is expensive, narrow, and built to protect their interest rather than yours. The fix is straightforward: we write replacement dwelling coverage, file the proof with your servicer, and watch for the force-placed charges to come off your escrow. The faster the regular policy is back in force, the smaller the bill.

Replace Your Forced Placed Insurance

Lender-placed (force-placed) coverage attaches when a mortgaged property's required hazard insurance lapses, gets cancelled for non-payment, or never gets bound at closing. The lender's blanket arrangement is expensive, narrow on contents, and built for the bank's collateral interest rather than the borrower's loss. Florida First Insurance of Broward works with borrowers (and small lenders, REO portfolios, and private-note holders) to get a regular dwelling fire policy bound and remove the force-placed charge.

The replacement placement is usually a DP-1 or DP-3 dwelling fire with mortgagee clause naming the lien holder, hurricane and named-storm peril written in (not excluded), and contents and loss-of-use at the levels the borrower actually needs. Once bound, we file the proof-of-insurance with the loan servicer, monitor that the force-placed charge is removed, and dispute any retroactive duplicate billing.

Force-placed alternatives bind across Miami-Dade, Broward, and Palm Beach in the southeast; Collier and Lee on the Gulf coast; Sarasota and Manatee in the Suncoast; Pinellas, Hillsborough, and Pasco around Tampa Bay; Polk and Orange through central Florida; Brevard, Volusia, and Seminole on the Atlantic; Marion, Alachua, and Duval through North and Northeast Florida; and Leon and Escambia along the Panhandle.

Replacement dwelling coverage is available for property owners in Miami, Fort Lauderdale, West Palm Beach, Boca Raton, Fort Pierce, Port St. Lucie, Palm Bay, Melbourne, Titusville, Daytona Beach, Jacksonville, Gainesville, Ocala, Orlando, Lakeland, Winter Haven, Tampa, St. Petersburg, Clearwater, Sarasota, Bradenton, Fort Myers, Cape Coral, Punta Gorda, Naples, Pensacola, Fort Walton Beach, Panama City, and Tallahassee.

What Is Forced Placed & Lender-Placed Insurance?

What It Is — Insurance your mortgage lender purchases on your behalf when your homeowners policy lapses or is cancelled. It's typically 2-5x more expensive.
Limited Coverage — Forced placed policies only protect the lender's interest (the structure), not your personal belongings or liability.
How to Replace It — Contact us for a standard homeowners policy. Once active, your lender will cancel the forced placed policy and stop the extra charges.
Savings Potential — Switching from forced placed to a standard policy can save you hundreds or even thousands of dollars per year.