|
Collateral Protection Insurance minimizes
uninsured physical damage losses and limits false placements, uncollectible
premium and legal risk.
Insurance
provided on a force placed basis.
Combined
with Premier Lease & Loan Services’® Insurance
Verification & Tracking program, we can verify existing coverage
and encourage the purchase of outside insurance.
Individual
insurance certificates are placed on collateral only after an extensive
verification and notification process has taken place.
Features
- Segmentation
by various borrower classes and exposure reasons helps PLLS obtain
the best response rate and least customer disruption
- Outbound
phone calls directed to agents reduces the number of letters sent
to your customers. All notification is contractually guaranteed.
- Compliance
is of utmost importance. PLLS reviews every new program with external
legal counsel who have experience assisting lenders on compliance
issues with this type of insurance program
Benefits
- Minimizes
uninsured losses
- Limits
false placements
|
