Spending Too Much Time Tracking Collateral Insurance?
Equipment insurance, especially Farm and general business equipment are difficult to track, often loans are cross collateralized and if the bank would like to take advantage of blanket coverages on their Real Estate portfolio, a blanket for Equipment is often needed. See the benefits of eliminating tracking and force placement of insurance on your equipment loans with our specialized programs!
Equipment Insurance Benefits:
- Improves the lender borrower relationship by eliminating the need to constantly check on coverage lapses.
- Eliminates the time and expense surrounding borrower insurance tracking
- Reduces charge offs
- Avoids unexpected losses from insurance lapses or cancellations.
Blanket all risk coverage for uninsured collateral during or after repossession. That includes collision, rollover, and fire. Blanket equipment insurance also offers higher limits of liability for tangible collateral, where a typical VSI program may not.
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!"
J.T. Miller Company
52 Hamel Road
Hamel, MN 55340-9625
Hours: 8am - 4:45pm Mon.-Fri.