Lenders Single Interest

Lenders Single Interest Insurance is purchased by the lender to protect only its own interest in various kinds of consumer loan and lease collateral. Coverage applies under the following circumstances:

  • all risk physical damage including fire and theft
  • confiscation, conversion and “skips”
  • repossession of vehicle and
  • losses due to unintentional non-filing of instruments

 

Lenders single interest policies from J. B. Lloyd are designed to:

  • fit your particular needs
  • pay with no, or if desired, low deductibles
  • offer fast claims settlement
  • require simple monthly reporting
  • cover new loans immediately
  • provide automatic coverage on existing loans