Lenders Single Interest
Uninsured collateral is not a random occurrence. Though lenders require that borrowers obtain physical damage insurance, there’s no guarantee that they will. Or if they do, that the insurance will remain in force throughout the entire term of the loan. It happens with alarming regularity.
WNC First Insurance Services can protect you from these and other risks by insuring the entire portfolio with a user-friendly, blanket-based insurance program. It’s called Lenders Single Interest insurance. To guarantee the best available coverage, we continually search the market place for the best insuring partners. Equally important, our program is flexibly designed and routinely customized to accommodate loan portfolios of all sizes.
Though private passenger automobiles are the most common collateral covered by our Lenders Single Interest program, it is also used to cover vans, light trucks, recreational vehicles, ATV’s, watercraft, jet skis, mobile homes, snowmobiles, and other types of personal property.
The WNC First Lenders Single Interest program protects you with a combination of the following coverages:
- All-Risk Physical Damage Coverage
- Instrument Non-Filing, Errors and Omissions Coverage
- Repossession and Return Expense Coverage
- Confiscation Coverage
- Conversion (Skip) Coverage
- Waiver of ACV Coverage
- Repossessed Property Coverage
Coverage may be written to protect newly originated loans, or using our Assumption of Coverage provision, your existing loan portfolio as well.
Learn More
To find out more about WNC First’s Lenders Single Interest program, or for assistance in sourcing protection against associated risks, just call 800-798-5522. Or, e-mail contactus@wncfirst.com.
