From your perspective, Consumer Lease and Loan products have two things in common; they are frequently financed and they are at higher risk of damage because they’re mobile. Although your loan or lease agreement requires insurance protection, it’s not uncommon for coverage to be inadequate or even nonexistent when it’s needed most.
The first step in avoiding uninsured loss is to know your risk exposure. van Wagenen is the nation’s leading insurance tracker; when your collateral lacks coverage, we’ll contact the borrower and alert you.
The next step is lender-placed insurance. When your customer will not or cannot insure your collateral,
you must. van Wagenen’s Consumer Lease & Lending program offers several types of protection from an A.M. Best
A+ rated (Superior) company.
The risk of uninsured loss can be reduced. Click on the Lease & Lending options below to learn more.
Consumer Lease & Loan Items Consist of (but not limited to):
- Motor Homes
Lease & Lending Insurance Tracking