Leased Property & Installment Sales

Contingent Interest

• When the financer requires the financed party to insure the property, there’s still a risk of insured loss if that party defaults. In these cases, our contingent interest policies help protect the financer’s insurable interest:
  • Contingent Single Interest Leased Property – insures the interests of financers who lease property to others
  • Contingent Single Interest Installment Sales – insures the interests of financers who sell property on an installment basis

Dual Interest

• When the financer maintains the insurance responsibility, our dual interest policies protect both parties’ interest:
  • Dual Interest Leased Property - provides protection for financers who lease property to others
  • Dual Interest Installment Sales - protects the insurable interest of both parties of the finance agreement

Floor Plan Property/Dealer’s Stock in Trade

• This insurance protects property while at a dealer’s location against direct physical loss or damage, whether encumbered by a secured lender or not.