Lender Single Interest Insurance
Lender Single Interest (LSI) Insurance provides coverage to lenders to protect
their entire collateral portfolio and is extended on a blanket basis. This coverage
eliminates the need for lenders to track each individual loan, reducing the time
required to monitor the loan portfolio.
Lender Single Interest insurance is provided on an annual basis and offers multiple
options for payment of premiums.
Our team at IL Group will work with you to develop a program that will protect your
collateral portfolio, reduce the risk of a loan not being covered, and increase staff
productivity by eliminating the tracking of individual loans.
Optional Coverages
In addition to physical damage coverage, we offer a
selection of expanded optional coverages to enhance
your LSI policy. These include but are not limited to:
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onversion and skip (basic and broad form)
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Confiscation
Mechanics lien (with or without a physical
damage loss)
Repossession and return expense (with or
without a physical damage loss)
Repossession storage expense (with or
without a physical damage loss)
Mechanical breakdown (with a physical
damage loss)
Waiver of actual cash value
Modified GAP coverage
Instrument non-filing
Insufficient insurance coverage
Repossession deductible buyback
Excessive debtor deductible coverage
What You Can Insure
n Automobiles
n Pick-ups
n Sport utility vehicles
n Trucks
n Semis
n Trailers
n Motor homes
n Recreational vehicles
n Commercial and heavy equipment
n Farm equipment
n Mobile homes
Be sure you are covered in the event of an
uninsured loss due to borrowers failing to
insure their collateral. Call IL Group today.
IL Group
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229 East 20th Avenue, Suite 1 I Gulf Shores, AL 36542
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251.968.9888
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866.300.7020
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www.ILgroup.com