LSPD Terminology

Edit Answers
12345678910
Across
  1. 3. The CPI Certificate has been issued and the Lender has paid for the premium
  2. 4. When a policy is canceled upon its effective date
  3. 6. The party to whom money or insurance proceeds is to be paid in the event of a loss
  4. 7. Reflects a change or modification of the insured's original insurance policy, such as adding a lienholder
  5. 8. A policy document providing immediate and temporary insurance coverage, acceptable to Allied for 60 days
  6. 10. The CPI certificate has been issued, but payment has not been received
Down
  1. 1. A policy document indicating that a policy's coverage has been terminated
  2. 2. A policy document that gets issued when a policy is at risk of being canceled, usually due to non payment
  3. 3. Covers the damage to a vehicle caused by its impact with another object or vehicle
  4. 5. Covers just about every other type of direct and accidental loss to the vehicle. These can include things such as falling objects, fire, theft, hail or flood
  5. 9. A policy provided on the lender's behalf to protect the collateral when the borrower has not provided adequate proof of insurance coverage
  6. 10. Is used to maintain or locate information and particulars specific to each Lender