ANN ARBOR, MI, June 16, 2016 — UniFi Equipment Finance (UniFi) is insuring its portfolio with the American Lease Insurance Agency Corporation (ALI) ProgramSM. UniFi recently updated its leasing software to LeaseTeam’s ASPIRE platform, and sought out ALI to deliver a fully integrated insurance program. According to Ellen Mueterthies, project manager for the ASPIRE integration at UniFi, “Their approach is unique because it revolved around us. Unlike other companies, American Lease Insurance devoted a lot of time to understanding our way of doing business and learning our system in order to perfectly complement our process. They succeeded.”
The ALI Program, which provides property and liability coverage on eligible financed or leased equipment at competitive “group” rates, is underwritten by Allianz Global Corporate and Specialty® of Chicago, Illinois, rated “A+ ” by A.M. Best. A combination of affordable insurance charges that are fixed for the term of the agreement and better coverage than offered by typical commercial insurance policies has resulted in ALI’s exceptional acceptance rates. Paired with meticulous tracking, the program delivers complete portfolio protection.
ALI’s insurance tracking, following policies and monitoring renewals, is an upgrade in service from UniFi’s former insurance supplier, which did not provide tracking. Mueterthies sums up the difference: “It’s really been wonderful. ALI is so attentive to our needs and their customer service is at such a high level: their people are just great to work with.”
Attention to detail ensured a smooth transition. ALI President Steve Dinkelaker notes, “We were diligent in converting all existing coverage to coverage through Allianz, to make certain that no customer was left without coverage. We’re pleased to welcome UniFi and their customers to the American Lease Insurance Program.”
UniFi Equipment Finance is a well-established company with a national presence in the small ticket vendor space. UniFi has funded more than 85,000 transactions, totaling over $1 billion. It is an affiliate of the Bank of Ann Arbor, a locally owned and operated bank with total assets and assets under management of over $2 billion. For more information, go to www.unifiedge.com or visit Facebook, Twitter, or LinkedIn.
American Lease Insurance Agency Corporation provides comprehensive portfolio protection through the automated American Lease Insurance Program to equipment leasing and financing companies throughout North America. Founded in 2000 by licensed insurance agent and broker Steve Dinkelaker, ALI is headquartered in Sunderland, Massachusetts, and is an active member of all major leasing organizations and the insurance industry’s Association for Cooperative Operations Research and Development (ACORD). American Lease Insurance does business as Lease Insurance International outside the United States. For more information, go to www.aliac.net.