ACE USA has expanded distribution of its ACE Disaster Mortgage Protection product outside of its traditional mortgage service provider channel in order to allow general agents and their producers direct access to real-time quoting and buying of the disaster coverage.

While traditional coverages pay for home repair costs, ACE Disaster Mortgage Protection insurance also pays a homeowners’ monthly mortgage payment and provides 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 repaired or rebuilt.

Additionally, ACE Disaster Mortgage Protection insurance provides added coverage by reimbursing insureds their deductible amount under their primary property insurance (homeowners, flood, windstorm or earthquake) when there is a reported and covered loss to their property.

Additionally, as part of its expanded distribution policy, ACE, through a partnership with MarketPlace Makers, has created a dedicated website to sell ACE Disaster Mortgage Protection.

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, ACE Select Markets.