IDU Product Spotlight: Loan Indemnity Insurance

Downloadable Loan Indemnification Brochure

IDU Product Spotlight: Loan Indemnity Insurance

Disability Insurance as a whole is a widely underserved need in today’s market, even more so when you are talking about products specifically designed to indemnify a contractual loan agreement!

This important solution is often overlooked by clients and their insurance representatives because they believe that it is okay to collaterally assign personal disability benefits to the lending agency. This assumption couldn’t be more wrong as it leaves the individual without appropriate cash flow for their day-to-day living expenses should a disability occur. Another, slightly less treacherous solve, is using a Business Overhead Expense policy to cover monthly loan payments; however, this is also an inadequate option as most BOE Benefit Periods are far too short to protect the entire term of a loan.

This is where IDU steps in with your solution!

IDU’s High Limit Loan Indemnity Product allows individuals, small business owners, and companies to satisfy a lender’s insurance requirements and avoid the hazards caused by using ill-fitting alternative solutions.

Tailored for each client’s specific loan obligation, these policies will protect 100% of the loan amount to include interest.

Our flexible, creative underwriting gives us the ability to implement this coverage where the domestic carriers fall short, particularly when dealing with non-traditional lending agencies, familial relationships, and large loan exposures.

Dealing with a disabling event is hard enough, don’t let your client put themselves or their business at risk of financial hardship due to missed or deferred loan payments.