Certificate of Insurance for a Lender
Generate the liability certificate your lender wants in the Spot app, and your Spot team gets the lender named on your property policy where the loan requires it.
Upload the commitment letter, loan agreement or closing checklist. Your Spot team lists the coverage and lender wording it requires.
Commercial property insurance
Juniper Properties · Policy review
Confirm with your broker
Replacement cost or actual cash value?
We work with your broker and insurer to add the lender as mortgagee or loss payee on property and as additional insured on liability, as the loan asks.
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TaylorJuniper Properties
RileySpot
Create the liability certificate in the Spot app with the lender as certificate holder, and send it to their closing team.
TaylorJuniper Properties
Certificate of insurance
Juniper Properties
Ready for your review
Lenders track renewal dates. Your renewed policies sit in your Spot workspace, so you can send new proof when they ask.
TaylorJuniper Properties
Let’s check the valuation clause, declared property values, and deductible in your policy.
Commercial property insurance policy
Valuation · Deductibles
Cover for the building or equipment the loan finances, valued the way the loan agreement asks.
So the lender is paid on a covered property loss to the collateral, as the loan terms set out.
With the lender often listed as an additional insured, especially on real estate loans.
Many lenders want property evidence on a separate property form, such as ACORD 28, as well as a liability certificate.
The lender wants to hear if the policy is cancelled. That’s set by policy provisions, not by the certificate’s wording.
Names the lender on the property policy so it shares in payment for covered damage to the collateral. Your Spot team has your broker request it from the insurer.
Extends your liability policy to the lender for claims tied to the property or your operations, as the endorsement words it.
Where available, an endorsement that commits the insurer to notify the lender. A certificate can’t promise notice on its own.
Pick your liability policies, and the property policy that insures the collateral.
Enter the lender’s legal name and the address its loan servicing team uses, with “its successors and assigns” if the loan asks.
Upload the closing checklist or list the requirements, including the loan number and property address for the description.
Confirm the lender’s name, the collateral and the dates, then download the certificate or send it to the closing team.
Listing the lender as certificate holder doesn’t make it a mortgagee or loss payee. The policy has to say so.
Many loans are sold or serviced by someone else. Use the exact lender clause the loan documents give.
Endorsements and property evidence take time. Send the lender’s requirements as soon as you have them.
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Explore coverageGenerate the liability certificate your lender wants in the Spot app, and your Spot team gets the lender named on your property policy where the loan requires it.
Read these before you choose a policy or an insurer.
