instaCOVER, a subsidiary of One80 Intermediaries, an insurance provider in the equipment leasing industry, announced the launch of its new trucking insurance product. This product is designed specifically to help funders and brokers provide a seamless insurance solution at the time of financing. This innovative offering integrates technology with comprehensive insurance coverage, providing funders and brokers with an insurance solution their customers need.
The new trucking product provides funders and brokers with a unique opportunity to streamline the leasing process for their customers, ensuring they can secure both the equipment and the insurance coverage necessary to operate with confidence. This product is especially valuable for small and mid-sized businesses and owner operators in the trucking and logistics sectors, who often face challenges securing both financing and insurance simultaneously.
“With this new product, we’re addressing two critical needs for funders, brokers, and their customers,” said Colleen Shelby, CEO of instaCOVER, a subsidiary of One80 Intermediaries. “Not only does it provide access to a variety of insurance coverages at competitive prices, but it also simplifies the process of securing the insurance coverage businesses need to get their trucks on the road. This product makes it easier for funder and broker partners to get their financing deal done, while providing the customer with a comprehensive insurance solution.”
Key Features of the New Trucking Product:
- Instant Quotes: Immediate quotes with access to highly rated carriers based on coverage needs.
- Policy Issuance: Policies issued directly to customers and include funder listings and loss payee details.
- Client Access: Clients can manage their accounts, while customers can make policies changes as needed, make payment changes and add endorsements or drivers.
- Availability: Coverage available nationwide, in all states except Alaska, Hawaii, Michigan, and New York.
- Billing: Direct billing and payments collection included.
- Support: Comprehensive customer and client support.
Simplifying the Road to Success
The new trucking product eliminates a major pain point in equipment leasing by offering a complete, hassle-free solution enabling customers to get on the road faster. By bundling equipment leasing and insurance into one easy-to-manage package, instaCOVER empowers brokers and funders to provide a positive customer experience, all while mitigating risks and reducing administrative burden.
