LENDERS SINGLE INTEREST INSURANCE (LSI)
MAJOR BENEFITS
- Fully protects your portfolio without the need for a full-scale insurance compliance program
- Enables you to allocate more resources to business building in lieu of insurance monitoring
- Provides comprehensive protection to cover your most important exposures
PROGRAM INFORMATION
COVERAGE SET
- All-Risk Physical Damage Coverage
- Instrument Non-Filing, Errors and Omissions Coverage
- Repossession and Return Expense Coverage
- Confiscation Coverage
- Skip Coverage
- Waiver of ACV Coverage
- Repossessed Property Coverage
COVERAGE ISSUANCE PROCESS
- Kistler Agency, LLC generates premium quotation for acceptance
- Upon acceptance of quotation, a blanket policy is issued to protect newly originated loans
- Blanket policy can also include for renewable annual terms or provides continuous coverage
- Blanket policy is issued for renewable annual terms or provides continuous coverage
CLAIMS SERVICES
- Claims are handled by a Kistler Agency, LLC owned and operated claims administration
- Over 90% of physical damage losses are settled within 10 days or less
- Loss reports are accepted via the internet or by fax, 24 hours a day and 7 days a week