Lannock’s Insurance Premium Funding
Lannock’s Insurance Premium Funding is an unsecured loan to a body corporate or owners corporation for up to a 12 month period at a fixed interest rate to cover a building’s annual insurance cost.
Funding your insurance premium with Lannock puts you in control.
WHAT ARE THE BENEFITS?
Access to immediate funds in the event of unexpected increases to your insurance premium
It’s easy to implement. Documents can be signed by the strata manager or the Treasurer and Secretary of the Strata Committee
Lannock will NEVER cancel your policy if you are late in making a payment
Complete freedom to choose the insurer and policy you want
Smooth out cash flows with flexible monthly repayments
GET STARTED TODAY!
How Insurance Premium Funding works
Contact Lannock for an Insurance Premium Funding Loan Proposal to fund your building’s insurance.
Ready to proceed? Lannock will provide documents to be signed by the strata manager or the Treasurer and Secretary of the Strata Committee.
The body corporate draws down funds from Lannock to pay their building’s insurance policy.
Don’t compromise your coverage with a missed payment. Lannock will NEVER cancel your policy due to a late repayment.
The Insurance Premium invoice needs to be provided in support of the Advance. Lannock will remit the funds directly into the body corporate’s account to enable the premium to be paid, or re-imbursement for a payment already made.
You can choose a term of up to 12 months for the loan.
