Titled or Over $250K – Required Prior to Funding

HOW WE SHOULD BE NAMED:

Amur Equipment Finance, Inc. and ISAOIA

304 W. 3RD Street, PO Box 2555

Grand Island, NE 68801

Non-Titled up to $250K – Required After Funding

HOW WE SHOULD BE NAMED:

Amur Equipment Finance, Inc. and ISAOIA

c/o Commercial Tracking Services

PO BOX 979285

Miami, FL  33197-9285

Our Interest

• Property Insurance: Lender’s Loss Payee

• Liability Insurance: Additional Insured

Coverage Requirements

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COVERAGE REQUIREMENTS
• Property Insurance: The insured value of the Equipment we are financing needs to be equivalent to at least its invoice price. Any Additional Collateral can be covered at its current insured value.
- Include Special Form for Coverage for Theft
- Include Comprehensive and Collision Insurance for any titled Collateral
• Liability Insurance: Minimum $1,000,000 per occurrence
• Equipment financed plus any additional collateral must be listed on certificate w/serial numbers
• Maximum deductible $1,000.00 up to equipment value of $250,000, higher deductibles allowed for larger transaction sizes and/or businesses
COVERAGE REQUIREMENTS
• Property Insurance: The insured value of the Equipment we are financing needs to be equivalent to at least its invoice price. Any Additional Collateral can be covered at its current insured value.
- Include Special Form for Coverage for Theft
• Liability Insurance: Minimum $1,000,000 per occurrence
• Equipment financed plus any additional collateral must be listed on certificate w/ serial numbers.
• Maximum deductible $1,000.00 up to equipment value of $250,000, higher deductibles allowed for larger transaction sized and/or businesses.

Policy Coverage Period

• If you are a first-time purchaser of insurance expressly for the Equipment, we require a minimum six-month term starting from our last Funding date.

• If you have purchased insurance before, we recommend you always sign up for at least a 12-month term.

Notice Requirements

Titled or Over $250K

We need minimum thirty (30) days’ written notice by your insurance carrier prior to any modification, cancellation or expiration of any insurance policy.