FRANCHISE INSURANCE · FOR LENDERS
Get the insurance right at close.
When you finance a franchisee, the loan rides on the borrower's coverage. We get it done right at the loan close, the first time, with no rounds of back-and-forth that stall the loan. Then we verify and track it across the portfolio for the life of the loan.
It takes the average lender about six rounds with a broker to get a borrower's insurance right. We get it right the first time, at close.
IS THIS YOU?
Are you a lender that…
Finances franchisees but can't see if the collateral is really insured
Relies on a certificate that's a snapshot, not the truth
Finds out about a lapse only after a loss
Wants insurance done right at close, not six rounds later
Then let's talk.
THE EXPOSURE YOU CAN'T SEE FROM THE FILE
An underinsured borrower puts the loan at risk.
The certificate that closed the loan is a snapshot. Policies lapse, get cut to save money, or never covered the work the borrower actually does. You find out when there's a loss, and that is the worst time to learn the collateral was exposed.
"The policy lapsed six months ago."
A borrower stops paying premium to free up cash. The certificate in your file still shows active coverage. A fire hits the financed location, and there is no policy behind the collateral.
"The limits don't meet the loan."
Your loan requires set property and liability limits. The borrower bought less to lower the premium. The shortfall sits quiet in the file until a claim comes in under what you required.
"You weren't listed on the policy."
The loan requires you as mortgagee or loss payee. The borrower renews with a new carrier and the endorsement never carries over. A loss pays out, and your interest in the collateral was never on the policy.
A BETTER WAY TO LEND
From a certificate to certainty.
VERIFY · MONITOR · REPORT
How we protect the loan.
STEP 01
Verify the coverage
We read the actual policy against your loan terms, not just the certificate, and flag any limit, lapse, or missing endorsement before you fund.
STEP 02
Monitor every unit
We track the borrower's coverage across all their locations and watch for renewals, cancellations, and changes for the life of the loan.
STEP 03
Report what changed
When coverage drops below what the loan requires, you hear about it from us, with time to act, not after a loss.
We know franchise coverage. We work across the brands your borrowers operate.
WHEN YOU WORK WITH RIKOR, YOU GET
Coverage you can prove, not just assume.
01
Coverage confirmed before you fund
The borrower's policy checked against your loan terms, so you lend on real coverage instead of a certificate.
02
A live view across every unit
One place to see the borrower's coverage status across all their locations, kept current as policies renew and change.
03
Alerts before coverage fails
Lapses, cuts, and missing endorsements flagged while you can still require a fix, not after the loss.
04
Your interest on the policy
We confirm you are listed as the loan requires, and that it carries through every renewal.
04
Full view of the whole portfolio
Compliance and transparency across your entire franchise loan portfolio, in one place, so you can prove every loan is covered.
QUESTIONS LENDERS ASK
Before you talk to us.
LEND ON COVERAGE YOU CAN SEE
Protect the collateral. Protect the loan.
Tell us about your franchise loan portfolio and we'll show you how we get the insurance right at close, then keep full compliance and transparency across your whole portfolio for the life of every loan.
Not a lender?