Spending Too Much Time Tracking Collateral Insurance?

Program Highlights

In order to establish an eligible claim, four basic conditions must be met

• Coverage for Autos, Recreational Vehicles, Boats, Trailers, Campers, Commercial Vehicles and more!
• Coverage for existing loans
• Prevent negative contact with borrowers over lapsed insurance
• Avoid uninsured losses on repossessions
• Reduce loan charge offs.

Insurance Coverage

• All Risk Physical Damage
  Vehicle and Collateral loans are protected against loss resulting from physical damage claims on vehicles with no primary insurance. Coverage applies when lenders repossess collateral. Payment is for the lesser of: Cost of Repairs, Actual Cash Value or the Remaining Loan Balance.
• Instrument Non-Filing Insurance
  Provides protection for the lender for unintentional errors in recording of the lien on the title or inadvertently not recording the instrument on non-title vehicles.
• Skip Coverage
  Coverage for losses where the lender is unable to locate the borrower or the collateral.
• Coverage After Repossession
  Coverage for physical damage on repossessed vehicles while being held by the lender for resale.

Coverage Through