Pursuant to the terms of your Mortgage, you are required to insure your property for the full insurable value on a replacement cost basis. Evidence of Property Insurance must be provided and kept current for the life of loan by the owner of the property. Premier Capital Corporation and/or the U. S. Small Business Administration is to be listed as a Lender Loss Payable, worded as follows:
Premier Capital Corporation and/or
U. S. Small Business Administration
151 N. Delaware St. # 175
Indianapolis, Indiana 46204
Please have your agent forward a copy of your policy to our office. Please note we require Building Coverage carried by the property owner along with liability and workers compensation coverage carried by the operating company.
Businesses deemed to be located in a flood zone must purchase Flood Insurance on the property. Flood Insurance must be provided for and kept current for the life of the loan by the owner of the property. If there has been a change in the flood zone where you are located and you feel insurance is no longer needed, please call our office at (317) 974-0504 and ask that the requirement be removed.