A UCCPlus Policy also includes a comprehensive review of the insured lender’s loan documents, searches and filings, as well as the borrower’s organizational documents. Only UCCPlus:
- specifically and clearly describes the personal property collateral being covered by the UCCPlus Policy
- waives the right of subrogation with respect to the insured’s counsel within the policy
- covers pledges of equity where perfection is being accomplished by filing a financing statement rather than an opt-in to Article 8
In select states, coverage for the purchase of an interest in a limited liability company, limited partnership or corporation is available.
Just as the lending community relies on real estate title insurance, you can rely on UCCPlus Insurance to reduce the risk in your loan policies secured by personal property.
For more information about UCCPlus, visit: www.UCCPlus.com