Blanket Equipment Insurance Guide

Introduction to Blanket Equipment Insurance

Commercial equipment can represent a significant portion of a financial institution's secured lending portfolio. From construction and agricultural equipment to commercial vehicles, machinery, tools, office equipment, and business inventory, these assets can carry substantial value and may be difficult to insure and monitor individually.

Managing insurance on commercial equipment can also create a significant administrative burden. Lenders may need to verify insurance at closing, monitor individual policies, process cancellations and renewals, communicate with borrowers, manage exceptions, and address uninsured collateral when borrower coverage is no longer in place.

Table of Content

How Does Blanket Equipment Insurance Work? 

A Portfolio-Based Approach to Equipment Collateral Protection

Blanket Equipment Insurance uses a master policy to provide coverage for eligible commercial equipment across a lender's portfolio.

Rather than requiring lenders to manage individual insurance policies for each piece of equipment, a blanket program is structured around the lender's overall equipment portfolio and the financial institution's specific collateral protection needs.

The process generally includes four steps:

Step 1: Portfolio Review

The lender's equipment portfolio is reviewed to determine eligibility, exposure, and the appropriate program structure.

The review may consider:

• Portfolio size
• Outstanding loan balances
• Equipment types
• Loan types
• Average loan size
• Geographic distribution
• Historical loss experience
• Delinquency
• Repossession activity
• Cross-collateralization
• Current insurance tracking practices

This review helps identify the types of collateral to be covered, the level of exposure to be insured, and the appropriate structure for the program.

Step 2: Proposal and Policy Structuring

Following the portfolio review, a program is developed based on the lender's portfolio characteristics and coverage requirements.

The proposal may address:

• Eligible collateral
• Coverage limits
• Deductibles
• Covered causes of loss
• Exclusions
• Premium structure
• Reporting requirements
• Repossession provisions
• Policy terms and conditions

The objective is to structure coverage that appropriately addresses the lender's commercial equipment exposure while aligning with its lending and servicing operations. Once the program is approved, the applicable insurance policy is issued and the lender's eligible portfolio is enrolled according to the program requirements.

Step 3: Implementation and Coverage

Once the program is implemented, eligible commercial equipment is protected under the master policy according to the applicable eligibility requirements, terms, conditions, limits, and exclusions. The lender can then reduce or eliminate the need to track individual borrower insurance policies for eligible collateral.

This provides a shift from loan-by-loan insurance administration to portfolio-level collateral protection.

The lender continues to manage its normal lending, servicing, and collateral processes while the blanket policy provides protection for eligible uninsured collateral against covered losses.

Blanket Equipment Insurance does not eliminate the lender's or borrower's contractual insurance requirements. Lenders are still required to verify insurance at loan closing, and borrowers are generally required to maintain insurance throughout the term of the loan in accordance with their loan agreement.

Step 4: Loan Balance Reporting

Lenders can report eligible loan balances on a monthly or annual basis, depending on the applicable program structure.

The reporting process provides the information necessary to administer coverage and calculate premiums based on the applicable program and policy terms.

Reporting requirements may vary based on the structure of the program, but the process is designed to provide a streamlined way for the lender to maintain coverage across its eligible equipment portfolio.

What Happens When a Covered Loss Occurs?

When eligible equipment experiences a potential covered loss, the lender submits the claim according to the applicable claims process. The claim is then evaluated under the terms and conditions of the policy, including applicable coverage provisions, exclusions, deductibles, limits, eligibility requirements, and valuation provisions.

The Key Difference

The fundamental difference is the shift from:

Individual insurance tracking → Portfolio-level collateral protection

Instead of relying on the lender to continually monitor individual borrower policies and determine whether adequate lender-placed coverage is available when insurance lapses, Blanket Equipment Insurance provides a master policy designed to protect eligible commercial equipment across the portfolio.

That makes the four-step process:

Portfolio Review → Proposal & Policy Structuring → Implementation & Coverage → Monthly or Annual Loan Balance Reporting

And when a covered loss occurs, the lender follows the applicable claims process.

What Types of Equipment Can Be Covered?

Commercial Equipment Can Take Many Forms

The types of collateral eligible for Blanket Equipment Insurance depend on the specific program and policy.

Commercial equipment portfolios may include a wide variety of tangible assets.

Construction Equipment

Examples may include:

• Excavators
• Backhoes
• Skid steers
• Track loaders
• Cranes
• Bulldozers
• Tractors
• Other construction machinery

Agricultural Equipment

Examples may include:

• Farm tractors
• Combines
• Harvesting equipment
• Planting equipment
• Irrigation equipment
• Other agricultural machinery

Commercial Vehicles and Trucks

Depending on the program, eligible collateral may include:

• Commercial trucks
• Semis
• Dump trucks
• Trailers
• Commercial automobiles
• Other transportation equipment

Manufacturing and Industrial Equipment

Examples may include:

• Production machinery
• Industrial equipment
• Fabrication equipment
• Processing machinery
• Specialized manufacturing equipment
• Molds

General Business Equipment

Commercial loans may also be secured by:

• Tools
• Office equipment
• Restaurant equipment
• Medical equipment
• Service equipment
• Warehouse equipment
• Other business assets

Business Inventory

Certain Blanket Equipment programs may also cover eligible business inventory used as collateral.

Eligibility Matters

Not every asset is automatically eligible for coverage.

Lenders should review the actual policy to determine:

• Eligible collateral
• Excluded property
• Coverage limits
• Geographic restrictions
• Valuation provisions
• Applicable endorsements
• Other eligibility requirements

What Does Blanket Equipment Insurance Typically Cover? 

Physical Damage Protection for Eligible Collateral

Blanket Equipment Insurance is designed to protect the lender's financial interest in eligible uninsured commercial equipment against covered physical damage and other insured losses. Depending on the applicable policy, coverage may include all-risk physical damage protection, subject to the policy's terms, conditions, exclusions, limits, and deductibles.

Covered Causes of Loss

Depending on the applicable program and policy, coverage may include losses resulting from:

• Fire
• Theft
• Collision
• Rollover
• Other covered physical damage

The specific policy should always be reviewed to determine the causes of loss that are covered.

Theft Coverage

Theft can represent a significant risk for commercial equipment. Coverage requirements may include documentation such as a police report or other evidence of the loss. Specific claim reporting requirements and timeframes may also apply. Lenders should review the applicable policy for the exact requirements governing theft claims.

Coverage for Uninsured Collateral

One of the primary purposes of Blanket Equipment Insurance is to protect the lender's financial interest when borrower insurance is unavailable, insufficient, cancelled, or otherwise fails to protect the lender as required under the applicable policy.

Coverage During and After Repossession

Eligible equipment may remain protected during and after repossession, subject to the applicable policy requirements. For equipment where physical repossession is impractical, legal repossession may be acceptable under certain program structures when the collateral has been secured from continued use.

Coverage Is Always Subject to the Policy

Blanket Equipment Insurance does not mean every loss is automatically covered.

The applicable policy determines:

• Covered property
• Covered causes of loss
• Exclusions
• Limits
• Deductibles
• Conditions
• Eligibility requirements
• Claims requirements
• Valuation provisions

Blanket Equipment vs. Vendor's Single Interest (Blanket VSI) 

What Is the Difference Between Blanket Equipment and Blanket VSI?

Blanket Equipment Insurance and Vendor's Single Interest (VSI) Insurance, also known as Blanket VSI are both single-interest insurance solutions designed to protect a lender's financial interest in collateral.

However, they are generally designed for different types of lending portfolios.

What Is Vendor’s Single Interest (VSI)?

A Vendor’s Single Interest policy is most commonly associated with secured consumer lending and collateral such as:

• Automobiles
• Recreational vehicles
• Motorcycles
• Other eligible consumer collateral

A Blanket VSI policy provides portfolio-level protection for eligible consumer collateral without requiring the lender to individually track insurance on each loan. Lenders are required to verify proof of insurance at loan closing but do not need to track individual policies afterward. Borrowers are still required to maintain adequate insurance throughout the term of the loan under the terms of their loan agreement.

What Is Blanket Equipment Insurance?

Blanket Equipment Insurance is designed primarily for commercial equipment and business collateral.

This can include:

• Construction equipment
• Agricultural equipment
• Commercial vehicles
• Machinery
• Manufacturing equipment
• Business equipment
• Inventory

Commercial equipment can present substantially different collateral characteristics than consumer assets.

Equipment may be:

• Higher value
• Cross-collateralized
• Specialized
• Difficult to value
• Difficult to physically repossess
• Secured through UCC filings or other collateral arrangements

For those reasons, lenders should evaluate whether their equipment portfolio is appropriately addressed by a commercial equipment program rather than assuming a standard VSI program is sufficient.

Why Blanket Equipment Is Different from Blanket VSI

Traditional Lender-Placed Insurance May Not Solve the Problem

One of the most important differences between commercial equipment and consumer collateral is the availability and adequacy of lender-placed insurance.

For many consumer loans, lenders can use insurance tracking and, when required insurance lapses, force-place coverage on the collateral.

Commercial equipment can present a very different challenge.

Equipment such as those listed below can have values that exceed the limits typically available under a standard Blanket VSI or lender-placed insurance policy. In some cases, the available programs may not be designed to provide lender-placed coverage for certain commercial equipment collateral at all.

• Construction equipment
• Agricultural equipment
• Tractors
• Semis and dump trucks
• Manufacturing machinery
• Commercial vehicles
• Specialized business equipment

The Problem with Simply Tracking the Insurance

A lender may verify that a borrower has adequate insurance at loan closing and continue monitoring that policy.

But what happens when the borrower cancels the policy? The lender may identify the lapse or cancellation and determine that the borrower no longer has the required insurance per the loan agreement.

However, the lender may not have a practical lender-placed insurance solution with a sufficiently high limit, or any appropriate force-placed option, to protect the lender's exposure.

That can leave the financial institution with uninsured collateral exposure.

For example, consider a commercial equipment loan with a $500,000 outstanding balance secured by specialized equipment. If the borrower's insurance is cancelled and the lender's available lender-placed insurance or Blanket VSI policy has a limit of $100,000, this would still leave $400,000 of the lender's exposure potentially uninsured.

The lender has effectively moved from:

"The borrower has insurance."

to:

"The borrower doesn't have insurance, and there may not be an adequate lender-placed insurance option available for this equipment."

Blanket Equipment Addresses the Coverage Gap

Blanket Equipment Insurance is designed to provide portfolio-level protection for eligible commercial equipment where traditional insurance tracking and lender-placed coverage may not provide sufficient protection.

Rather than relying on the lender to discover an insurance cancellation and then attempt to obtain adequate force-placed coverage, a Blanket Equipment policy provides single-interest protection for eligible uninsured collateral under the master policy, subject to its terms, conditions, exclusions, deductibles, and limits.

This changes the lender's risk-management process.

Traditional Insurance Tracking

Verify insurance → Track policy → Identify cancellation → Determine whether force-placed coverage is available → Evaluate coverage limits → Manage uninsured exposure

Blanket Equipment

Verify eligibility → Master policy protects eligible portfolio → Report loan balances → Submit covered losses under the policy

The result is not simply less insurance tracking. Blanket Equipment can provide a layer of protection where traditional lender-placed insurance may not provide enough capacity, or may not be available, to protect higher-value commercial equipment.

Blanket Equipment vs. Blanket VSI

The Bottom Line

For consumer collateral, a lender may have access to force-placed insurance when a borrower's coverage lapses. For higher-value commercial equipment, that option may not provide sufficient limits, or may not be available for the collateral at all.

Blanket Equipment Insurance addresses this challenge by providing a portfolio-level, single-interest solution specifically designed for eligible commercial equipment and other business collateral. That distinction is one of the primary reasons lenders should consider Blanket Equipment Insurance separately from traditional Blanket VSI or lender-placed insurance programs.

Blanket Equipment vs. Traditional Insurance Tracking 

A Different Approach to Collateral Protection

Traditional insurance tracking requires lenders to actively monitor individual borrower policies.

A typical process may look like:

Loan Closing → Insurance Verification → Policy Tracking → Renewal Monitoring → Cancellation Notice → Borrower Contact → Exception Management → Force-place coverage if necessary

For commercial equipment, that process can become especially difficult when loans are cross-collateralized or secured by multiple assets.

Traditional Insurance Tracking May Require:

• Individual policy monitoring
• Certificates of insurance
• Renewal tracking
• Cancellation notices
• Borrower correspondence
• Insurance exceptions
• Determining whether lender-placed coverage is available
• Record maintenance

Blanket Equipment Can Reduce or Eliminate:

• Individual insurance tracking
• Repeated insurance requests
• Insurance exception management
• Reliance on force-placed coverage
• Borrower communications related to insurance documentation

The result is a more streamlined approach to protecting eligible equipment collateral across a commercial lending portfolio.

Blanket Equipment and Repossessed Collateral 

What Happens When Commercial Equipment Is Repossessed?

Repossession creates an important transition point for commercial equipment.

When a borrower defaults, the lender may need to:

• Locate the equipment
• Secure the equipment
• Repossess the equipment
• Transport it
• Store it
• Prepare it for liquidation

During this process, the collateral can remain exposed to physical damage, theft, fire, or other losses.

Coverage During and After Repossession

Eligible uninsured collateral may remain covered during and after repossession, subject to the applicable policy terms and requirements. This is an important consideration because the lender's exposure does not necessarily end when the borrower defaults.

Physical vs. Legal Repossession

Physical repossession is not always practical for large, fixed, or specialized equipment. Under certain program structures, legal repossession may be acceptable when the lender has secured the collateral from continued use. The applicable policy should always be reviewed to understand the specific requirements.

Why Repossession Coverage Matters

A commercial equipment loss may occur:

• Before default
• After default
• During recovery
• During storage
• During transportation
• After repossession

A properly structured program should clearly define when coverage applies throughout the repossession process.

What Are the Benefits of Blanket Equipment Insurance? 

Financial institutions evaluate Blanket Equipment Insurance for a combination of risk management, operational, and servicing benefits.

1. Eliminates Insurance Tracking

For eligible collateral, a blanket policy can eliminate or significantly reduce the need to monitor individual borrower insurance policies.

2. Increases Operation Efficiencies

Servicing and lending staff can spend less time:

• Requesting insurance documentation
• Monitoring policy expiration dates
• Processing cancellations
• Managing exceptions
• Contacting borrowers

3. Reduces Borrower Friction

Insurance-related communications can create unnecessary borrower interactions, particularly when insurance documentation is missing or difficult to obtain. A blanket approach can reduce these interactions for eligible equipment.

4. Lowers Force-Placement Complexity

Because eligible collateral is protected under a blanket policy, lenders can reduce reliance on individual force-placed coverage. This can be particularly important for commercial equipment where traditional lender-placed insurance may have insufficient limits or may not be available for the collateral.

5. Protects Against Unknown Insurance Lapses

Borrower insurance can lapse or be cancelled without the lender immediately recognizing the change. A blanket policy can protect eligible collateral against covered losses even when an individual insurance lapse is unknown, subject to policy terms.

6. Addresses Complex Multi-Collateral Loans

Blanket Equipment can be particularly useful when commercial loans are cross-collateralized.

7. Provides Higher Limits for Commercial Equipment

Blanket Equipment programs may provide higher coverage limits than standard VSI programs, depending on the program structure and underwriting.

8. Provides Repossession Protection

Eligible equipment can remain protected during and after repossession, subject to policy requirements.

9. Supports Audit and Examination Processes

A structured portfolio protection program can help lenders maintain a consistent process for documenting collateral insurance protection.

10. Helps Minimize Unexpected Collateral Loss Exposure

When equipment suffers uninsured physical loss, the lender may experience an unexpected reduction in collateral value. Blanket Equipment Insurance can transfer eligible physical damage risk according to the policy.

How Does the Blanket Equipment Claims Process Work? 

What Happens When a Covered Loss Occurs?

When eligible equipment experiences a potential covered loss, the lender reports the claim according to the applicable program's procedures.

The general process includes:

Step 1: Report the Loss

The lender reports the potential loss according to the applicable claims process.

Step 2: Provide Supporting Information

Documentation may include:

• Loan information
• Borrower information
• Description of Equipment
• Serial number or other identifying information
• Location of equipment
• Date of loss
• Type of loss
• Description of damage
• Estimated loss amount
• Photographs
• Police report, when applicable
• Repossession documentation, when applicable

Step 3: Evaluate the Loss

The insurer or claims administrator evaluates the nature and extent of the loss.

Step 4: Review Coverage

The loss is evaluated against:

• Policy terms
• Conditions
• Exclusions
• Limits
• Deductibles
• Eligibility requirements

Step 5: Resolve the Claim

If coverage applies, the claim is resolved according to the applicable policy. Every claim is unique. Coverage and claim payments are determined by the actual policy and the circumstances of the loss.

How Much Does Blanket Equipment Insurance Cost?

Understanding Blanket Equipment Insurance Pricing

There is no single cost that applies to every commercial equipment portfolio. Premiums and program structures depend on the characteristics of the portfolio and the coverage being provided.

Underwriting considerations may include:

• Portfolio size
• Outstanding loan balances
• Equipment types
• Average loan size
• Loan terms
• Geographic distribution
• Historical loss experience
• Delinquency
• Repossession activity
• Coverage limits
• Deductibles
• Portfolio growth
• Other risk characteristics

The appropriate insured balance can also be more complicated when commercial equipment loans are cross-collateralized or secured by multiple asset types.

Evaluating Total Cost, not Just Premium

Premium is only one part of the cost of a collateral protection strategy.

Lenders should also consider:

• Insurance tracking
• Staff time
• Insurance correspondence
• Exception management
• Borrower communications
• Technology
• Force-placement administration
• Compliance oversight
• Human error
• Uninsured collateral exposure

The more useful question is not simply:

"What does Blanket Equipment Insurance cost?"

It is:

"What is the total cost of protecting our equipment portfolio today, and what operational value could a portfolio-based approach provide?"

A portfolio analysis can help answer that question.

How to Evaluate a Blanket Equipment Insurance Program 

A Practical Guide for Financial Institutions

Selecting a Blanket Equipment program requires more than comparing premium quotes.

Lenders should evaluate the program against their:

• Equipment portfolio
• Lending strategy
• Servicing model
• Insurance process
• Risk tolerance
• Operational resources
• Long-term growth plans

Review Your Current Insurance Process

Ask:

• How is commercial equipment insurance currently tracked?
• Who is responsible for tracking it?
• How much staff time does the process require?
• How many insurance exceptions occur?
• How often are borrowers contacted?
• What happens when borrower insurance is cancelled?
• Is adequate lender-placed coverage available for the equipment?
• How are insurance records maintained?

Analyze Your Equipment Portfolio

Review:

• Number of equipment loans
• Outstanding balances
• Average loan size
• Types of equipment
• Geographic distribution
• Cross-collateralization
• Historical losses
• Delinquency
• Repossession activity
• Portfolio growth

Review Coverage

Ask:

• What equipment is eligible?
• What causes of loss are covered?
• Is coverage all-risk?
• What exclusions apply?
• What limits are available?
• What deductibles apply?
• Is theft covered?
• Is collision covered?
• Is rollover covered?
• Is business inventory covered?
• Is coverage available during repossession?
• How is the loss valued?

Understand Reporting

Determine:

• What loan-balance information is required?
• How is information submitted?
• Can balances be reported monthly or annually?
• How are new loans added?
• How are paid-off loans removed?
• Who is responsible for reporting?
• How are reporting changes reflected in premium?

Evaluate Claims Support

Ask:

• Who handles claims?
• What documentation is required?
• How are theft claims handled?
• What happens during repossession?
• How are claims communicated?
• How are disputed claims handled?

Evaluate the Provider

Consider the providers:

• Commercial equipment experience
• Insurance expertise
• Carrier relationships
• Claims capabilities
• Program administration
• Implementation process
• Understanding of financial institution operations
• Compliance knowledge

Compare the Total Value

The right program should be evaluated based on more than premium.

Consider whether it can help your institution:

• Reduce insurance tracking
• Reduce administrative costs
• Reduce borrower friction
• Reduce reliance on force-placed coverage
• Protect higher-value collateral
• Address complex collateral structures
• Support portfolio growth
• Improve servicing efficiency

Regulatory, Audit, and Compliance Considerations

Does Blanket Equipment Insurance Eliminate Insurance Requirements?

No. Blanket Equipment Insurance is a collateral protection and risk management solution. It does not automatically eliminate contractual, regulatory, investor, or internal insurance requirements that may apply to a commercial loan.

Financial institutions should evaluate blanket coverage alongside:

• Loan agreements
• Borrower insurance requirements
• Investor requirements
• Loa servicing requirements
• Internal collateral policies
• Audit procedures
• Examination expectations
• Applicable federal and state requirements

Why Blanket Coverage Can Simplify Insurance Administration

Traditional insurance tracking creates opportunities for administrative errors.

Examples include:

• Missed expiration dates
• Failure to identify cancellations
• Incorrect policy information
• Missing documentation
• Failure to update records
• Incorrect force-placement decisions

A blanket program can reduce the number of individual insurance-tracking activities required for eligible collateral.

Blanket Coverage Is Not a Substitute for Compliance

Financial institutions should continue to maintain appropriate:

• Loan documentation
• Collateral records
• Policy documentation
• Reporting
• Claims records
• Internal controls

Insurance program design should be reviewed with appropriate legal, compliance, risk management, and lending personnel.

Common Misconceptions About Blanket Equipment Insurance 

Misconception #1: Blanket Equipment Insurance Replaces Borrower Insurance

Reality: No. Borrowers may remain contractually obligated to maintain insurance required under their loan or lease agreements. Blanket Equipment Insurance is designed to protect the lender's financial interest in eligible collateral.

Misconception #2: Every Piece of Commercial Equipment Is Automatically Covered

Reality: No. Coverage applies to eligible collateral according to the applicable policy. Exclusions, limits, geographic restrictions, eligibility requirements, and endorsements may apply.

Misconception #3: Blanket Equipment Is the Same as Blanket VSI

Reality: No. Both are single-interest portfolio protection solutions, but Blanket Equipment is designed primarily for commercial equipment and business collateral, while Blanket VSI is generally associated with secured consumer lending.

Misconception #4: Blanket Equipment Eliminates Every Insurance Requirement

Reality: No. Loan documents, investor requirements, borrower obligations, and other insurance requirements may continue to apply.

Misconception #5: Blanket Equipment Is Only for Large Banks

Reality: No. Financial institutions of different sizes can evaluate blanket equipment protection based on portfolio characteristics, operational requirements, and risk management objectives.

Misconception #6: Blanket Equipment Only Covers Equipment Before Repossession

Reality: No. Depending on the program and policy, coverage can extend during and after repossession.

Misconception #7: Blanket Coverage Means Claims Are Automatically Paid

Reality: No. Claims remain subject to the policy's terms, conditions, exclusions, deductibles, limits, eligibility requirements, and claims procedures.

Misconception #8: All Blanket Equipment Policies Are the Same

Reality: No. Programs can differ substantially in:

• Covered collateral
• Limits
• Deductibles
• Exclusions
• Valuation
• Repossession provisions
• Reporting requirements
• Claims procedures
• Available endorsements

Lenders should evaluate the actual policy rather than relying solely on a general product description.

Frequently Asked Questions About Blanket Equipment Insurance

Is Blanket Equipment Insurance Right for Your Institution? 

When Should a Lender Consider Blanket Equipment Coverage?

Blanket Equipment Insurance may be worth evaluating if your institution:

• Maintains a commercial equipment loan portfolio
• Finances higher-value equipment
• Has complex or cross-collateralized loans
• Tracks insurance on individual commercial loans
• Has significant insurance-related administrative workload
• Frequently requests certificates of insurance
• Experiences borrower friction over insurance requirements
• Has limited or inadequate lender-placed insurance options for equipment
• Wants to reduce uninsured collateral exposure
• Is experiencing commercial portfolio growth

Questions to Ask Your Lending Team

• How much staff time is spent tracking commercial equipment insurance?
• How many insurance exceptions are currently being managed?
• How often do borrowers fail to provide updated insurance documentation?
• How complex are your cross-collateralized loans?
• What happens when borrower insurance is cancelled?
• Is adequate lender-placed insurance available for the equipment?
• How much exposure could an uninsured equipment loss create?
• How is equipment protected during repossession?

If the answers reveal significant administrative burden or uninsured collateral exposure, Blanket Equipment Insurance may warrant a closer evaluation.

Protect Your Real Equipment Portfolio with a More Scalable Approach

Commercial equipment can represent substantial value for financial institutions. Protecting that value does not have to require an equally complex insurance tracking process.

Blanket Equipment Insurance provides lenders with a portfolio-based approach to protecting their financial interest in eligible commercial equipment collateral against covered physical damage and other insured losses.

By using a master policy rather than relying solely on individual borrower insurance, lenders can:

• Reduce administrative workload
• Reduce individual insurance tracking
• Reduce borrower friction
• Reduce reliance on force-placed coverage
• Protect against unknown insurance lapses
• Address complex collateral structures
• Protect eligible equipment during and after repossession
• Provide protection for higher-value commercial collateral
• Support a more scalable commercial lending operation

The right program should be evaluated based on the institution's equipment portfolio, collateral characteristics, loan structure, operational model, coverage requirements, and risk management objectives.

For lenders looking to simplify commercial equipment collateral protection while maintaining appropriate risk transfer, Blanket Equipment Insurance can be an important component of a comprehensive portfolio protection strategy.

Ready to Evaluate Your Commercial Equipment Portfolio?

Unitas Financial Services works with financial institutions and lenders to evaluate Blanket Equipment Insurance and other collateral protection solutions based on portfolio characteristics, lending strategy, and operational objectives.

Ready to simplify equipment insurance management and address uninsured commercial equipment exposure?

Talk with Unitas about Blanket Equipment Insurance.