Lender Placed Collateral Insurance covers collateral when the borrower has let their primary insurance lapse. Our program helps lenders easily add coverage for any uninsured loan in their portfolio. Typically, loans will be tracked for insurance by the Lender, with our program Lenders are able to take advantage of Letter Notification Services to ensure required Letter Notices get sent out to the borrower at correct intervals.
Key Features of Collateral Protection Insurance
Coverage for Autos, Recreational & Commercial Vehicles
Binder Period before premium is due
Lender can bind coverage immediately
All Risk Physical Damage Coverage
Repossession not required for claim payment
See what our satisfied clients say about us
"Thanks again for doing such a great job for us, and answering ALL of our questions! We love working with you and the entire staff at J.T. Miller."
"We really appreciate Wade & Kurt from J.T. Miller as they have taken time to explain in detail our insurance options and coverage. Because of Wade and Kurt, we believe that we have purchased the best Bond and D&O Coverage possible. Kudos to J.T. Miller!"
Ready to see which collateral protection insurance plans provide the best coverage for your lending institution? Contact one of the J.T. Miller Company experts to learn more.
J.T. Miller Company
PO Box 218
Hamel MN 55340
Hours: 8am - 4:45pm Mon.-Fri.