Residual Value Insurance
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1. Product OverviewResidual Value Guarantee insurance (RVI) helps companies manage asset value risk by ensuring that assets maintained and managed have an agreed value on a future date.
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2. Company Who needs this policy
Banks, leases, investors or other companies that take the risk of their assets. RVI is also a useful insurance policy for investors who want to limit their risk and for owners looking for a 'Balloon cover' in their financial structure. RVI can be reserved for most commercial assets that have proven long-term value. This may include:
Commercial vessels and marine assets
Commercial aircraft, helicopters and other assets including simulators and engines
Rolling stock, trains, trams, buses and other transportation
Commercial Real Estate
Industrial equipment including mining equipment, power assets, plants and machinery and construction equipment