COVERAGES TO FINANCIAL INSTITUTIONS
Blanket Lender Single Interest/Vendoe Single Interest

Covers Uninsured Damage & Theft to the loan collateral, discovered after repossession of the vehicle or other consumer loan collateral. Also, covers Skip by the borrower;and Security Interest Errors & Omissions that result in a loss of our right to respossess he collateral.
  • No Insurance follow-up required
  • Small premium charge per new loan made(Charge added to Amount Financed Without Affecting APR in many states)
  • Broad Collateral Coverage
Gap Waiver Coverage

If a borrower's vehicle sustains a total loss due to an accident or theft, this insurance covers the difference between the net balance owned and the borrower's primary insurance settlement check(based on Actual Cash Value, often thousands less than the loan balance.)
  • Covers the over-financing of the MSRP/Retail value
  • Reimburses the borrower's deductible up to $1,000
  • Offered directly to the borrower or sold through your dealers
Creditor-Placed Insurance(CPI) - For consumer loan collateral

Physical damage insurance coverage is placed on only the unisured loan collateral (vehicle or other collateral) within the portfolio. Annual premium is added to the loan balance and collected from the borrower with interest.
  • Pro-active approach to covering the risk of physical damage loss
  • Computer system tracks the borrower's insurance status, relieving the lender of administrative burden and hassle.
  • Increases profitability of the loan portfolio (Lower charge offs; Less administrative expense, and more interest income)
Write-Your-Own CPI

Creditor-placed insurance without system-generalted policies.
  • Lender retains control over when collateral coverage is placed or cancelled.
  • Coverage requests are faxed in & effective that day.
Vehicle Service Contract Sales

Allows you to easily offer vehicle service contracts to your borrowers on a direct loan or off-lease vehicle. Extend coverage of mechanical failures.
  • Software onyour PC facilitates easy quoting
  • A covered major repair often prevents repossession
  • Contract sales generate significant fee income
Lease-Like(Balloon Note) Lending Program

Software and insurance combined to make balloon (lease-like) lending easy for a lender. Creates a competitive loan product that gives your borrowers a much lower monthly payment.
  • Software calculates monthly payment & balloon amount
  • At end of loan term, borrower can payoff balloon, refinance the amount due, or return the vehicle.
  • Lender protected against residual value loss, gap loss, excess wear & tear, & vehicle disposition expenses.
Blanket Mortgage Hazard Insurance

With no insurance tracking required, this protects the Home Equity Lines, 2nd Mortgage Loans, and First Mortgage Loans against loss due to physical damage to the real estate property.
  • No insurance trackng required - A time & cost saving
  • Simple monthly or annual premium report
  • High limits of loss Available
Lender-Placed Mortgage Hazard Coverage

The lending institution can place physical damage coverage on uninsured real estate properties(residential, commercial or REO)
  • Simplified reporting of insurance placed/cancelled.
  • Broad Physical Damage Coverage - Liability coverage option
  • Fully-Automated outsourced tracking available
Mortgage Impairment Coverage

Broad blanket protection for a mortgage loan portfolio covering uninsured physical damage, errors & omissions relted to insurance follow-up, and other loan servicing exposured.
  • Coverage with or without insurance checking requirement.
  • Optional balance or perils coverage & real estate tax liability
  • Annuak premium, or multi-year premium option
Insurane Tracking Only - All Type Of Loans/Leases

Outsourcing the complete insurance tracking function.
  • No mail to sort or to input, less administrative burden & expense
  • Complete reporting of uninsured properties/collateral
  • Low monthly charge per loan tracked
Contingent & Excess Liability - Lease Vehicles

Protects a lessor who become liable for a loss casued by an accident involving one of its leased vehicle. this coverage applies over & above the lessee's primary policy or becomes contingent coverage when the vehicle lacks coverage.
  • 'Vicarious Liability' Protection
  • High limits of loss available; or Excess layer
  • Annual Premium covers entrire lease portfolio
Residual Value Insurance

Covers the residual value loss exposure on a leased asset/vehicle when it comes to the end of its lease term. This coverage can be written two ways: (1) FASB coverage: to gain a more favorable accounting treatment for the leased asset. (2) Full insurnace:the asset's future value risk is completely transferred from the lessor to the insurer.
  • Peace-of-mind knowing the future value of the vehicle is insured
  • Vehicles easily enrolled for coverage by data file transfer
  • Out-sourced vehicle remarketing assistance available
For additional information, applications & proposal contact:
Thomas Cirrincione @ Inter Insurance Ageny
Fax: 516.437.0435
Tel: 516.352.7500