CPI - Lender Placed Collateral
Offered by Kistler Agency, LLC
Description
YOU AND YOUR BORROWERS BOTH WIN
• Identifies your exposures by effectively managing your insurance date
• Protects the loan collateral for borrowers who cannot obtain insurance
• Uninterrupted protection if borrower's insurance lapses or cancels
MAJOR BENEFITS
• Identifies your exposures by effectively managing your insurance date
• Protects the loan collateral for borrowers who cannot obtain insurance
• Uninterrupted protection if borrower's insurance lapses or cancels
MANAGING INSURANCE REQUIREMENTS
DATA CAPTURE AND MANAGEMENT
• Insurance information is captured and stored in one centralized data management system
• Managed data include inception to date history of insurance documents, borrower notices, lender-placed collateral protection coverage and claim records
• Information is updated automatically each time new insurance information is received, noticed is generated or incoming borrower call is handled
RISK ASSESSMENTS
• After loading of insurance data, potential exposures are identified per loan
• Best solution or solutions package is offered which may include blanket insurance, errors and omissions coverage or lender-placed collateral protection insurance
POLICY MANAGEMENT
Rating, issuance and monitoring of coverages is implemented either through your borrower's insurance broker or agent or through a combination of Kistler Agency's lender-placed collateral protection coverages such as:
• All-Risk Physical Damage
• Automatic Protection
• Waiver of Repossession
• Uncollected Premium
• Repossession and Return Expense
• Insufficient Insurance
• Confiscation
• Conversion (Skip)
• Instrument Non-Filing Errors and Omissions
• Repossessed Property
• Worldwide Protection
• Rigorous service standards are applied including tight monitoring of lender-placed coverages and false placements
• Identifies your exposures by effectively managing your insurance date
• Protects the loan collateral for borrowers who cannot obtain insurance
• Uninterrupted protection if borrower's insurance lapses or cancels
MAJOR BENEFITS
• Identifies your exposures by effectively managing your insurance date
• Protects the loan collateral for borrowers who cannot obtain insurance
• Uninterrupted protection if borrower's insurance lapses or cancels
MANAGING INSURANCE REQUIREMENTS
DATA CAPTURE AND MANAGEMENT
• Insurance information is captured and stored in one centralized data management system
• Managed data include inception to date history of insurance documents, borrower notices, lender-placed collateral protection coverage and claim records
• Information is updated automatically each time new insurance information is received, noticed is generated or incoming borrower call is handled
RISK ASSESSMENTS
• After loading of insurance data, potential exposures are identified per loan
• Best solution or solutions package is offered which may include blanket insurance, errors and omissions coverage or lender-placed collateral protection insurance
POLICY MANAGEMENT
Rating, issuance and monitoring of coverages is implemented either through your borrower's insurance broker or agent or through a combination of Kistler Agency's lender-placed collateral protection coverages such as:
• All-Risk Physical Damage
• Automatic Protection
• Waiver of Repossession
• Uncollected Premium
• Repossession and Return Expense
• Insufficient Insurance
• Confiscation
• Conversion (Skip)
• Instrument Non-Filing Errors and Omissions
• Repossessed Property
• Worldwide Protection
• Rigorous service standards are applied including tight monitoring of lender-placed coverages and false placements
Offered By
Availability 50 states + DC
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Covered
Not Covered
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