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When you look at the sheer volume of equipment you lease in a given year, you realize how difficult it can be to ensure every piece of equipment is properly covered against damage or theft. But what if you could protect both your company and your lessees right at the point of sale, assuring that all your equipment is covered the moment it's leased? That's what @Request LeaseProtection from Premier Lease & Loan Services can help you do. With @Request LeaseProtection, you have the power to choose how to protect your investment:
Voluntary: When you originate a lease, you can offer lessees this optional waiver as a way of fulfilling the insurance requirements of the lease. You then waive the lessee's insurance requirement by placing a fee on the monthly invoice.
Blanket/Lease Inclusive: Lessors can also build this waiver into the lease via an incremental rate, fulfilling the insurance requirement of the lease and eliminating the need to track and verify lessee coverage.
FEATURES/BENEFITS
- Provides a convenient way for the lessee to purchase insurance on leased equipment.
- Your equipment is fully insured and you're able to pass the cost of insurance (as a separate fee or an incremental rate) to the lessee, which may enable you to earn fee income.
- Shortens the origination process by providing an instant solution that meets the insurance requirements of the lease.
- The coverage provides full replacement value, keeping the lessee up and running, the lease payment stream alive and giving the vendor repeat business.
- Coverage is not cancelled by a claim.
- Offers broader coverage than the standard commercial property policy, including damage,, theft, and power surge.
- Monthly, quarterly, annual, and full term billing options are available.
- Customized pricing, flexible premiums, and specific marketing materials are available by program.
- Premier offers "Major and Muni" specialization and is experienced with multi-million dollar bids and state contracts.
- Premium for life of lease or loan
- Optional self-service tracking hosted software vendor program
- Self-service quotes, enrollments, claim reporting, and account management at www.LeaseProtection.com.
Ideal Asset/Customer Class
Commercial Equipment
Small and Mid Ticket Equipment
Education and Government
Fortune 1000
Large Dollar "One-off" Transactions
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