Residual Value Insurance (RVI) covers the difference between projected residual values and actual values of vehicles returned to the lessor at lease termination.

There is typically one of four reasons a lessor may be interested in purchasing residual value insurance:

1. Risk transfer
   
2. Cash flow smoothing
   
3. Accounting compliance (FASB 13)
   
4. Asset securitization

Premier Lease and Loan Services has Residual Value Insurance programs designed to meet any of the above objectives. Through a consultative approach with the lessor, Premier Lease and Loan Services can determine which RVI program provides the greatest financial benefit to the lessor.

Features

1. Creative RVI product structures; no set formulae
   
2. Direct contact with RVI product manager during contract development and length of the policy
   
3. Strong after-sale support, data analysis, and industry insight
   
4. Sophisticated data reporting, billing and database management
   
5. Monthly reporting on portfolio
   
6. Remarketing assistance available

Benefits

1. Consultative approach to help determine the lessor's goals and minimizes insurance costs
   
2. The lessor has a partner to help manage risk or meet regulatory requirements
   
3. Analysis of the lessor's portfolio to assist in directing portfolio activity and remarketing needs
   

This product is underwritten out of our Home Office in Cincinnati. As a service, FIS will assist our agents in: making contact with the Underwriter, obtaining an Application, and presenting submission material for review by the Underwriter.