|
Premier
has a wide range of products and services available for vehicle
lenders and lessors. Programs range from specialized risk management
products to fee income products that can set your financial institution
apart.
Blanket
Collateral Protection Insurance
Provides total physical damage protection on your entire portfolio.
Collateral
Protection Insurance
Minimizes uninsured physical damage losses and limits false placements,
uncollectible premium and legal risk.
Collateral
Tracking and Outsourcing Services
This service proactively manages liability insurance verification
for leases and physical damage verification for loans and leases.
Contingent
& Excess Liability Insurance
Protects your institution against exposure from lessees who are
uninsured or underinsured.
Contingent
Physical Damage
Protects the lessor or lending institution in the event that the
lessee’s primary physical damage insurance is cancelled or
is inadequate to cover the lessor’s loss.
Finance
Reserve Insurance
A program enabling lenders to offer a discounted finance reserve
(non-recourse program) to automobile dealers, without having to
manage the program or bear any risk.
Guaranteed
Auto Protection
Protects a borrower or lessee in the event of a total loss when
the primary insurance settlement does not pay off the loan or lease
balance.
Job
Loss Protection
A program designed for lenders, protects lenders and their borrowers
against exposures caused by a borrower’s involuntary unemployment.
Residual
Value Insurance
Covers the difference between projected residual values and actual
values of vehicles returned to your institution at lease termination.
Vehicle
Service Contracts
Provides for reimbursement of repair bills in the event of a mechanical
breakdown to a part of the vehicle. Covers mechanical failure after
the manufacturer’s warranty has expired.
Wear
& Tear Protection
Protects the lessee from uncertainty of excess wear & tear charges
at lease termination.
Custom
Products |
