Latest news releases from American Lease Insurance:
ACORD 23 Simplifies Insurance Documentation for the Equipment Leasing Sector.
Sunderland, MA - 01, 2010
The insurance industry standards organization, ACORD, has introduced a simplified proof of insurance form for use in documenting coverage on leased or financed commercial equipment or vehicles. The launch of ACORD 23, as it is called, was effective on July 30, 2010.
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Western Finance & Lease Provides Same-Day Funding with American Lease Insurance Program.
Devils Lake, ND - May 14, 2010
Western Finance & Lease (Western) has realized a significant marketing benefit with the American Lease Insurance (ALI) Program. “We already had an efficient funding process, so we were always ‘quick,’ states Western Finance & Lease President Laurie Bakke, “but now with one less step we almost always deliver same-day funding.” The ALI Program eliminates the need to obtain insurance verification as it provides complete portfolio coverage on all eligible assets automatically from contract signing to final payoff or termination. “Most importantly, we know that our portfolio is protected,” adds Bakke.
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Latest articles from American Lease Insurance:
Avoiding Class Action Lawsuits Concerning Lease Insurance Programs (PDF)
Sunderland, MA - 2006-09-30
Equipment lease insurance is an important protection. But beware of hidden and excessive profits or penalties. When abuses creep in, the cost and risk of class action lawsuits become more real. Here are some ways leasing companies can protect themselves by modifying their standard lease forms - As printed in the Equipment Leasing & Finance Foundations Journal of Equipment Lease Financing, Fall 2006
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Executive's Guide to Equipment Lease Insurance (PDF)
Sunderland, MA - 2006-06-12
This analysis has the following objectives. First, it provides an overview of lease insurance. Second, it analyzes the nuts and bolts of lease insurance, including an explanation of the forms and types of insurance. Third, it outlines the components of a lease insurance program including important elements of the lease. Fourth, it explains the principal risk factors exposed by Class Action lawsuits.
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