Broader coverage and greater convenience
When you lease a large volume of equipment every year, it can be difficult to ensure every piece of equipment is properly covered against damage or theft. The @Request LeaseProtection program from Premier Lease & Loan Services® is designed to ensure that all your equipment is covered the moment it is leased, providing protection from uninsured losses for both you and your lessees- right at the point of sale.
The lessor is the insured under the @Request LeaseProtection policy in the event that when a claim occurs where repair is not a viable option, you decide whether to replace the equipment or pay out the lease or loan.
@Request LeaseProtection is available on a voluntary or blanket basis:
Program Benefits
- A convenient way for lessors to purchase insurance for leased equipment.
- A value added service offering for your lessees.
- Under most circumstances premium costs may, at the discretion of the lessor, be passed on to your lessees.
- Opportunity for lessors to earn fee income.
- Shortens the origination process by providing an instant solution that meets the insurance requirements of the lease.
- Customized pricing as well as flexible premiums and billing options available.
- Fixed premium for the life of the lease or loan.
- Self-service quotes, enrollments, claim reporting and account management at www.leaseprotection.com.
- All policies underwritten by Great American Insurance Company.
Comprehensive Coverage
- Provides broader coverage than most standard commercial property policies. Coverage includes accidental damage, fire, lightning, theft, windstorm, vandalism, power surge and flood.
- Coverage provides full replacement value, keeping the lessee up and running, the lease payment stream alive and giving the vendor repeat business.
- Coverage not cancelled by a claim.
- No deductible for small ticket programs.
- Coverage applies to leased equipment located anywhere within Canada and the United States.
Ideal Customer Classes
- Small- and mid- ticket equipment
- Large-dollar “one-off” transactions
Coverages are summarized and subject to the terms, conditions and exclusions printed in the policy. Please refer to the policy for the specifics on coverages.
@Request LeaseProtection®, Premier Lease & Loan Services®, Great American® and Great American Insurance Group® are registered service marks of Great American Insurance Company.
