Marsh's master trust program (MTP) is a broad, comprehensive property and liability insurance program that provides coverage for a financial institution's personal trust real estate exposures. The master trust program combines coverage on a blanket basis to eliminate the time and expense of maintaining multiple insurance policies with varying expiration dates, limits of liability, terms, and conditions.

Marsh offers automatic standardization of insurance policy limits, terms, conditions, and rates across the total portfolio. The program eliminates the time and expenses needed to maintain multiple policies. Administration is easy and provides coverage under a single master policy for both property and liability exposures. With a simplified rating structure and quick premium calculations, Marsh’s MTP provides superior service to financial institutions nationwide.

As leaders in insurance program management, Marsh has designed a custom program that includes:

• ease of administration through coverage under a single master policy naming both the financial institution and trust as insureds;
• broad property—including flood, earthquake, and windstorm—and liability coverage;
• $5 million blanket limit for each trust property;
• automatic errors & omissions (E&O) coverage;
• standardized policy limits, terms, conditions, and rates across the portfolio; and
• additional limit and placement services available.

Qualifying insureds include:

• any beneficiary, devisee, legatee, ward, heir, or distributee of the trust, guardianship or estate, any co-owner or life tenant of the property;
• any co-fiduciary or co-representative;
• the bank while acting in a fiduciary capacity,
• any person or organization while acting as a real estate manager for the named insured (although not for workers compensation); and
• if the named insured is or includes a partnership, any partner therein, but only with respect to his/her liability as such.

A quote can be easily obtained by providing Marsh with the following information:

• list of locations and full addresses;
• replacement cost values;
• trust asset number or name; and
• five-year loss history.

To learn more about Marsh's master trust program, please contact one of the individuals listed below.

Contacts

Susan Schroeter
609-520-2929

Philip Zuccala
212-345-6585