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Contingent & Excess Liability Insurance protects
your institution against exposure from lessees who are uninsured
or underinsured.
Premier
Lease and Loan Services’® coverages include:
- Lessor’s
Contingent Liability--protects your institution in the event it
is named a defendant in a legal action resulting from a lessee’s
involvement in an accident while not maintaining adequate insurance
required by the lease agreement.
- Lessor’s
Only Excess Liability--protects your institution above the lessee’s
primary liability policy or above your institution’s contingent
liability policy (such as with a catastrophic accident).
- Interim
Car Coverage--protects your institution against damage to a vehicle
not assigned to a lessee, owned by your institution, while held
for sale or reassignment under a new lease agreement
- Contingent
Physical Damage--protects your institution’s interest if
vehicle is repossessed and lessee does not have primary insurance
to repair the vehicle.
Features
- Monthly
analysis reports detailing portfolio activity
- In-house
insurance tracking and verification availability
- Prompt
and competent claims handling
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