Chubb’s creative, customized solutions help you meet your needs for insuring leased property, installment sales and floor plan property.
Coverage Highlights
Contingent Interest
- When the financer requires the financed party to insure the property, there’s still a risk of insured loss if that party defaults. In these cases, our contingent interest policies help protect the financer’s insurable interest:
- Contingent Single Interest Leased Property – insures the interests of financers who lease property to others
- Contingent Single Interest Installment Sales – insures the interests of financers who sell property on an installment basis
Dual Interest
- When the financer maintains the insurance responsibility, our dual interest policies protect both parties’ interest:
- Dual Interest Leased Property - provides protection for financers who lease property to others
- Dual Interest Installment Sales - protects the insurable interest of both parties of the finance agreement
Floor Plan Property/Dealer’s Stock in Trade
- This insurance protects property while at a dealer’s location against direct physical loss or damage, whether encumbered by a secured lender or not.