Where can I get insurance for my unsecured cash flow notes?
January 14, 2011 by Cash Flow Tips
Filed under More Cash Flow Answers
Can you answer Retired Nurse’s question about Cash Flow?:
I have unsecured cash flow notes and wondering where I can get insurance in case they were defaulted on. I heard some cash flow note insurance companies charge a one time premium of 15% of the principal. Where can I find a reliable insurer for my cashflow notes?
Increasing Cash Flow
I have unsecured cash flow notes and wondering where I can get insurance in case they were defaulted on. I heard some cash flow note insurance companies charge a one time premium of 15% of the principal. Where can I find a reliable insurer for my cashflow notes?
Increasing Cash Flow
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Cash Flow Feedback: You can’t. That’s what “unsecured” means.
If your mom doesn’t want to insure your “investment”, which is exactly what this is, then no one is going to.
Cash Flow Feedback: The term ‘unsecured’ has little or nothing to do with insurance and you can insure anything against anything if you’re willing to pay the price.
However it is unlikely you will find a retrospective insurer for a personal holding, such insurance is usually only offered at the time the notes are issued and it isn’t likely to be financially viable to do it post sale. The best place to ask is where you bought the notes.