Chubb is well-suited to meet your current needs with in-depth industry knowledge, worldwide experience and a commitment to service, for leased property, installment sales, and floor plan property. We offer creative, customized solutions for the assets you finance.
Coverage Highlights
Contingent Interest
When the party’s financer requires the financed party to insure their property, there’s still a risk of loss if the financed 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 insurance responsibility, our dual interest policies protect both parties’ interests.
- Dual Interest Leased Property - Provides protection for financers who lease property to others
- Dual Interest Installment Sales - Protects the insurable interests of both parties in the finance agreement
Floor Plan Property/Dealer’s Stock in Trade
This insurance package protects property while at a dealer’s location against direct physical damage or loss, whether encumbered by a secured lender or not.