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LTS tracks and insures auto leases and loans LTS tracks and insures equipment
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@Request LeaseProtection
 

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.


 

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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