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 continue to be amazed by his ability to recall a small fact from earlier on and how to apply it to our benefit.”

    -Chambers 2012

  • “They handle a diverse set of issues – well staffed, well prepared and respected…"

    -Chambers 2012

  • “Gail Mills has the ability to find a solution for the tough problems that arise, and she does it with grace and charm.  As a client, we can rest easy knowing that Gail is more than capable to protect our interests.”

    -Anonymous

  • “He is efficient and understands me. He knows the balance between legal and business aspects.”

    -Chambers 2012

  • “I know him and I have tremendous amount of respect for him. He is fairly active in automotive…"

    -Chambers 2012