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Collateral Protection Insurance Program
Resource Insurance Services Collateral Protection Insurance offers Financial Institutions the ability to track uninsured vehicles and force-place physical damage insurance for collateral loans - primarily for automobiles and other rolling collateral - that become uninsured. Key Coverage Benefits
Resource Insurance Services customizes each program to meet specific loan portfolio needs with the following repossession coverage enhancements:
Complete flexibility allows you the option to issue a collateral protection policy for an annual premium instead of a term premium. You have the ability to determine the timing of the letter cycles and the opportunity to personalize the letters to fit the tone and personality of your Financial Institution. The letters can be edited to fit your Financial Institutions philosophy and your logo is easily inserted on all notices. |
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