Features

UNINSURED PHYSICAL DAMAGE COVERAGE
Protects the lender from uninsured damage to the vehicle or loan collateral, occurring
before repossession or for a limited time after repossession.

SKIP & CONFISCATION
Covers the lender against loss of collateral when borrower and vehicle can not be located
or when the vehicle has been seized by a public authority without any rights to recovery.

INSTRUMENT NON-FILING
Protect the lender from an error or omission in the process of securing its interest in the loan collateral and subsequent loss of its right to the repossess the collateral due to a lien by another creditor.

Covers all types of consumer loan/lease collateral: Autos, Vans, Light Trucks, Motorcycle, RV, Watercraft, Mobile Home, Other Property; also Commercial Vehicle/Equipment coverage available.

High Limit of Loss: $50,000 or more as needed…

Zero Deductible: Deductible options available to reduce premium rate.

Assumption of Coverage: Entire existing loan portfolio covered at policy inception.

Benefits

• Complete Coverage of Loan Portfolio – No Insurance Tracking Required
• Broad Coverage of Loan Collateral Losses
• Easy to Use / No Administrative Burden; Simple Monthly Loan & Premium Report
• No Customer Complaints and No Force-Placed Premiums To Write-Off