Burr Alert: Insurance Issues in Secured Lending

November 09, 2012

In secured lending transactions, a lender must take several steps to protect its interests, and requiring a borrower to properly insure the lender’s collateral is one of those steps. In doing so, the lender seeks to preserve the value of borrower’s assets in order to protect the borrower’s stream of income and thus the Borrower’s ability to repay the loan. Below you will find a brief overview of some insurance issues in secured lending transactions and a few issues that arise when lenders attempt to adequately protect their interests.

To read more about this topic, please see full alert below

Download PDF


Legal Disclaimer:
No representation is made that the quality of services to be performed is greater than the quality of legal services performed by other lawyers.

Featured Attorneys

send article

TESTIMONIALS

  • “I have worked with Lauren for quite a while and have found her to be very responsive and knowledgeable.  She has made every effort to assist me and my company in the most professional manner.  She has given me sound and solid guidance on some very difficult and sensitive issues that has proved to be in my company's best interest.  It has always been a pleasure to work with Lauren.”

    -Jillian M Siress, Vice-President, Reliance Trust Company

  • “They handle most of the deals in a timely fashion…Their execution was outstanding...Everything is done on time, there is no hint of under-staffing.”

    -Chambers 2012

  • “I have found the ERISA group, and especially Logan Hinkle, to be knowledgeable and very responsive as we navigate the changes in HIPAA, PPA and more recently PPACA to make sure we are in compliance and our documentation in order.  I can recommend them highly.”

    -Anonymous

  • “The coordination between each individual attorney appeared smooth. I was happy with the client service.”

    -Chambers 2012

  • “We deal with the maritime attorneys in the firm. They follow instructions well and submit timely reports. They are easy to work with and try to facilitate the best possible results. They have maritime expertise. Certain attorneys in the firm have committed their careers to the maritime industry.”

    -Chambers 2012