| LENDER PLACED INSURANCE |
Often referred to as "force placed" insurance or "collateral protection insurance", our Lender Placed Insurance Program for Auto Portfolios allows you, the lender, to ensure that your portfolio is adequately covered against loss due to physical damage. Our insurance provides protection for the institution's interest in collateralized loans if the borrower has not maintained his own comprehensive and collision insurance coverage. |
| Single Premium Program | ||
A simplified single premium program that may fit your institution's needs without the headaches associated with many of today's force placed insurance programs. A SINGLE PREMIUM of $595 provides a 12-month policy with a $255 deductible for any eligible loan from $2,000 to $20,000. Rates for loan balances above $20,000 begin at 8.5%. |
||
| Benefits of this program to the lender: |  |
|
• Provides comprehensive and collision insurance on your collateral at a reasonable cost
|
||
 |
|||
NINPRO DATA's sophisticated automated loan tracking system monitors all correspondence and determines when a borrower has failed to maintain adequate insurance. With this state of the art system, you have full access and control of the data that is tracked by Sure Track. This system is provided to our customers at no cost and is an invaluable tool for keeping up with the status changes of your borrower's insurance. |