RISK MANAGEMENT SOLUTIONS FOR AUTO LOAN PORTFOLIOS

What makes us different?

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Expertise

We have put together an experienced team in marketing, underwriting, claims and client services to deliver superior insurance coverage and risk management services.

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Flexibility

We use creativity and innovative methods to assess your loss exposures and to address your insurance coverage concerns.

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Protection

With a comprehensive risk management approach and insurance designed to cover the broadest spectrum of risk, your business will be protected from unexpected losses.

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Service

With a ‘can-do’ attitude and equipped with advanced technology, our highly-trained staff stands ready to meet your insurance needs with efficiency and ease.

FINANCIAL INSTITUTION INSURANCE SERVICES

Please select the insurance services your company would like to explore.

RISK MANAGEMENT SOLUTIONS

You want to make sure your collateralized loan portfolio is protected whether or not your borrowers stay on top of their insurance coverage. Regardless of the collateral or approach, Lee & Mason offers a variety of solutions that can be customized to each lender’s needs.

With our Blanket Lenders Single Interest policy, you receive collateral loss coverage over your entire installment loan portfolio and the entire portfolio is protected immediately. You no longer have to spend time tracking insurance coverage of each individual borrower. Also known as Vendor Single Interest Insurance, you have both uninsured auto physical damage coverage and skip coverage for vehicles you cannot locate. We also provide Gap Waiver Insurance, a valuable option for your borrowers and fee income opportunity for your institution.

Lee & Mason offers a similar comprehensive approach for loans secured by real estate, including two Blanket products – Hazard and Impairment. As an alternative to using force-placed insurance, Blanket policies eliminate the tracking hassle on Residential and Commercial mortgages as well as second mortgages and home equity lines of credit (HELOCs).

 

For lenders who wish to actively track their real estate and/or auto portfolio, the entire process (mail, monitoring, placement and escrow functions) can be outsourced to Lee & Mason.  With two facilities dedicated to this service, we can provide a compliant, cost-efficient solution that significantly reduces internal workload.

Lastly, if lenders prefer to maintain lender-placed mortgage hazard coverage on their own, we offer MortgageHazard.com, our easy online solution for force-placed insurance. Mortgage Hazard/Property, foreclosed Liability and Flood coverages are all available through our simple and compliant website.