Inventory Insurance Plan:
A Simplified Insurance Option

GE Capital Solutions, Commercial Distribution Finance (‘CDF’) dealers are required to maintain adequate insurance coverage. One of your options is the Inventory Insurance Plan administered by Lockton Risk Services.

The coverage under this plan automatically adjusts as the value of dealers’ CDF-financed inventory fluctuates, as does the premium listed on their CDF monthly billing statement.

For more information about the Plan, visit their website at www.inventoryinsuranceplan.com

 

Inventory Insurance Plan is administered by Lockton Risk Services. CDF’s billing and collecting services under Lockton’s program are being provided as an accommodation to CDF dealers and a service to Lockton, and CDF will not charge dealers any fees or interest thereon. In consideration of such services, CDF may collect a fee for its administrative services from Lockton. CDF dealers’ participation in the Lockton program is at the discretion of the dealers, and dealers may obtain insurance coverage elsewhere to satisfy their obligations under their loan agreements with CDF. CDF is not promoting, marketing or otherwise representing Lockton or the insurance carrier under the program to CDF dealers. CDF is not soliciting or negotiating insurance on behalf of dealers, Lockton or any third party.

 


 

Coverage

· Multiple deductible options
· Flood, earthquake and collision
  coverage is automatically included at no
  additional charge

Product Details

· Billed on CDF monthly statement
· Coverage automatically adjusts to 
  average daily inventory balance
· 24-Hour claims service
· Claim settlement in 14 days, after
  receipt of necessary documentation