FCIA Nonpayment Coverage On Leases

FCIA’s Single Buyer Medium Term Lease Policies provide coverage with non-cancelable limits to capital equipment lessors and financial institutions against loss on a capital lease with one lessee. Coverage is available on lessee worldwide, and in a variety of forms tailored to meet your specific needs.

  • Covers lease of capital goods with one to seven year repayment terms.
  • Regular lease payment generally required during the payment term.
  • Insured percentage usually is up to 90%.
  • Premium is charged on the declining exposure balance and is usually payable in full at policy inception.
  • The waiting period to file claim is generally 180 days from date of default.
  • The lessee must be the end-user of the product. Dealers/Distributors are usually not eligible lessees.
  • Operating leases are not eligible.

Who Should Apply?

Our target customers are companies and manufacturers that have at least $1 million in insurable domestic or international lease obligation. Our minimum premium is $20,000 and payable at policy inception.