Get A Quote Contact Us Home Page
  • Home
  • Get A Quote
    • AutomobileImage of right arrow
      • Auto Insurance Quote
      • Auto Quote Form (short)
    • Farm
    • Flood
    • Health
    • Homeowners
    • LifeImage of right arrow
      • Life Insurance Quote
      • Term Life Insurance Quote
    • Motorcycle
    • Other
  • Customer Service
    • Online Account Access
    • AutomobileImage of right arrow
      • Request ID Card for Auto Policy
      • Request Declaration and Coverages Page for Auto Policy
      • Add Vehicle to Existing Auto Policy
      • Remove Vehicle from Existing Auto Policy
    • Business & CommercialImage of right arrow
      • Request ID Card for Commercial Auto Policy
      • Request General Liability Certificate of Insurance
    • Other
  • Blog
  • Resources
    • Secure File Area
    • Refer a Friend
    • Important Links
    • Insurance Glossary
    • Frequently Asked Questions
  • About Us
    • About Clark Insurance Group
    • Our Locations
    • Employee Directory
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
Home > Blog > Banks and financial Institutions
SATURDAY, JANUARY 30, 2016

Banks and financial Institutions

lollipops-on-counter-bank
Banks and financial institutions have unique insurance needs.

Whether you operate a bank, savings and loan, credit union, household finance or mortgage company, you need to protect your organization’s own assets to ensure that you remain open for business. Your clients depend on you for services such as mortgages and other loans, night depositories, checking and savings accounts and ATMs.

A financial company’s assets go beyond traditional assets such as buildings and contents. Your insurance coverage should be tailored to include unique exposures you may have, such as:

  • Broad coverage for damage to special property such as bulletproof glass, night depositories, vaults and ATMs
  • Protection for your interest in a mortgaged property in the event it is damaged or destroyed and the borrower’s coverage is inadequate or has lapsed
  • Coverage for dwellings and other properties acquired in foreclosure, assuring that coverage is adequate despite the possibility of the property being vacant
  • Your interest in other collateral property such as autos, RVs and boats that are damaged or destroyed where there is an error or omission in procuring or maintaining physical damage coverage on those items
  • Both liability and physical damage protection for autos that are repossessed

Ask your insurance agent to place your policy with a carrier that provides broad coverage for common exposures of financial companies. Your assets should be as safe and secure as your clients’.

Coverages described here are in the most general terms and are subject to actual policy conditions and exclusions. For actual coverage wording, conditions and exclusions, refer to the policy or contact one of our Agents at Clark Insurance Group.

Posted 9:33 AM

Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2020
  • 2017
  • 2016
  • 2015


View Mobile Version
 
  • Cincinnati
  • Pekin
  • Indiana Farmers
  • Progressive
  • Auto Owners
  • Frankenmuth
  • Encompass
 
Social Media
HELPFUL LINKS: Home About Us Get A Quote Blog Contact Us Honest – Knowledge – Integrity.
© Copyright Clark Insurance Group. All rights reserved. Powered by Insurance Website Builder
Automobile Insurance Homeowners Insurance Business Insurance Life & Health Insurance
Find Us on Facebook Follow Us on Twitter Connect With Us On LinkedIn RSS