Mortgage Aspects 
Mortgage Rates Mortgage Calculator Bank of America Chase Bank Wells Fargo
 Home  » Bank of America » Insurance

Bank of America Insurance

Bank of America Insurance offers a wide range of products and protection plans at affordable terms and premiums. Included among these are Mortgage Secure, Term Life, Homeowners & Condo, Disaster Protection, Borrowers Protection Plan and Home Warranty. These all are aimed at protecting the financial losses of mortgagers and homeowners in case of accidental death and disability. There are products to provide adequate coverage against natural calamities like flood, earthquake, windstorm and hurricane. BofA has also started mortgage unemployment insurance to help borrowers continue making payments even after losing jobs. One can call 1.800.262.4240 to contact a representative of Banc of America Insurance Services, Inc (BAISI) for more information.

Bank of America Mortgage Insurance

Bank of America Mortgage Insurance offers Mortgage Secure plan that aims at giving you complete protection in the event of accidental death or disability. Under the policy, you get coverage of up to $300,000, which is provided by Balboa Insurance Company. The mortgage balance is paid off directly to Bank of America Home Loans in case of death. On the other hand, a lump sum equivalent to three months of mortgages is paid in the event of a disability covered under the plan. The insurance premium, which is based on the balance amount of the first mortgage, is collected along with the monthly payment. The phone number to contact a representative of the company is 1.800.249.6903 and you can also get a customized quote online by opening a relevant page and signing in to Bank of America.

Bank of America Mortgage Insurance Department

The insurance products are offered by the bank itself under the licensed name of BANA and through its non-banking subsidiary BAISI. The services are also provided through affiliates and agencies like Balboa, Meritplan, Newport and Newport E&S. To contact the BOA Insurance Department, you need to see the policy statement, where the name and complete address and contact details of the insurance company is printed. For general purposes, one can call 1.800.781.7066 or send a mail to the following address:

Banc of America
Insurance Services, Inc.
PO Box 21848
Greensboro, NC 27420

Following is the headquarters address for the insurance division of Bank of America National Association (BANA):

7455 High Market Street,
Sunset Beach, NC 28468

For home mortgage customers, insurance payments are made through an escrow account, which is handled by BAC Home Loans Servicing, LP. The mortgagee clause should contain the following name and address:

BAC Home Loans Servicing, LP
Its Successors and/or Assigns, As Their Interest May Appear (ATIMA)
P.O. Box 961206
Fort Worth, TX 76161-0206
Fax Number: 1.800.293.8158

Bank of America Property Claims Department

The Insurance Claim Check should be sent to the following address by regular or express mail:

Bank of America Home Loans
Property Claims Services - CA6-919-02-45
P. O. Box 7953
Van Nuys, CA 9l409-7953

The mailing address to send the check using an overnight service:

Bank of America Home Loans
Property Claims Services - CA6-919-02-45
400 National Way
Simi Valley, CA 93065

The above address for B of A Property Claims Department is also used to send insurance claim check for endorsement. To talk to a property claims representative call the following number:

Phone Number: 1.800.669.6076

For more information and latest update, check a nearby BofA insurance service center or visit its official website where you can also find several tools and other resources.


Bank of America Mortgage
Home Equity
Home Retention
Reverse Mortgage
Mortgage Pay
Short Sale
Correspondent Lending
Bac Home Loans Servicing LP
Customer Service
Loan Modification
Making Home Affordable Program
Mortgage Department
Mortgage Address
Phone Number

©Copyright 2010-2011 - Navigate Portals. All Rights Reserved.