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LTS Insurance Services |
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@Request LeaseProtection |
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This policy provides physical damage insurance for your equipment, whether leased or as collateral for a loan,
at the point of sale
@Request LeaseProtection gives you two ways to protect your investment:
Voluntary: When you originate a lease or loan, you can offer lessees/borrowers this optional waiver as a way of fulfilling the insurance requirements of the lease/loan. You then waive the lessee's/borrower's insurance requirement by placing a fee on the monthly invoice.
Blanket/Lease/Loan Inclusive: Lessors/lenders can also build this waiver into the lease/loan via an incremental rate, fulfilling the insurance requirement of the lease/loan and eliminating the need to track and verify lessee/ coverage.
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Benefits
- Provides a convenient way for the lessee to purchase insurance on leased equipment.
- Your equipment is fully insured and you’re able to pass the cost of insurance (as a separate fee or an incremental rate) to the lessee, which may enable you to earn fee income.
- Shortens the origination process by providing an instant solution that meets the insurance requirements of the lease.
- The coverage provides full replacement value, keeping the lessee up and running, the lease payment stream alive and giving the vendor repeat business.
- Offers broader coverage than the standard commercial property policy, including damage, theft, flood, and power surge.
- Monthly, quarterly, annual, and full term billing options are available.
- Coverage is not cancelled by a claim.
- Customized pricing, flexible premiums, and specific marketing materials are available by program.
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Call us at 800.394.6984 or send us an email requesting information |
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© Copyright 1987-2009 Lease Tracking Services, Inc. |
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