BANK LOAN INSURANCE REQUIREMENTS
As an independent agency, one of our core strengths is our capability to evaluate multiple insurance carriers nationwide. This advantage proves invaluable, particularly when addressing collateral assignment insurance requirements for bank loans, thereby facilitating a smoother closing process.
A common challenge in loan closings is meeting collateral assignment insurance requirements. We have observed that many borrowers rely on their personal insurance agents for this purpose, which can potentially lead to delays if these agents are not well-versed in the specific requirements for collateral assignment insurance.
Life Insurance
We offer Accelerated and Traditional Programs. Once the applicant is approved, and paid; our team will provide:
Copy of the New Business Package
Confirmation Letter from the Insurance Company Acknowledging the Assignment
Copy of the Stamped Executed Assignment.
Business Insurance
Turnaround times are within days for the entire process - quote, bind, and issue - allowing us to provide all necessary documentation - certificates and/or accord forms - to our banking partners in under 10 days. Special Risk may take 2-3 weeks or longer.
We Offer Insurance For:
General Liability
Commercial Property
Business Personal Property (BPP)
Business Income (Loss Sustained)/ Business Interruption Insurance
Employment Practices Liability Insurance (EPLI)
Workers Compensation Insurance
Builders Risk Insurance
Flood Insurance
Liquor Liability Insurance
Commercial Auto
AND MORE!