Insurance For Leasing Companies With Special Problems

This policy protects leasing companies in situations where the lease concept provides that at the end of the lease there will be little residual value remaining in the leased product and ownership will be transferred when the lease expires. Coverage for the insured percentage of each lease payment as it falls due is provided to the lessor should the lessee default. Contact Export-Import Bank of the United States (EXIM), Wayne Gardella, Manager, 811 Vermont Ave., N.W., Washington, DC 20571; 800-565-3976 x3787; Fax: 202-565-3380; {bdd@exim.gov}; {http://www.exim.gov/insspec.html}.