IL Group also offers insurance options to protect your collateralized loan portfolios. Our professionals will work to match your needs with the available insurance options. Our collateral products consist of Lender’s Single Interest Insurance and Collateral Protection Insurance.
Lender’s Single Interest Insurance
Lender’s Single Interest Insurance (LSI) policies provide you protection in the event that the collateral is damaged or destroyed and the borrower is uninsured.
This type of policy requires no continuous monitoring of a borrower’s insurance. Coverage is extended on a blanket basis, insuring any portion of your portfolio. Blanket LSI coverage is normally extended for annual periods.
Collateral Protection Insurance
Collateral Protection Insurance (CPI) insures property, primarily vehicles, held as collateral for loans made by lending institutions.
We will find the most efficient Collateral Protection Insurance program to protect your portfolio and give you a range of deductibles and coverage options perfectly matched to your needs.
In addition to physical damage coverage, we can select from an expanded set of supplemental coverage options to enhance your Blanket VSI or CPI program.
What You Can Insure with our LSI and CPI programs