Cash Advance

Totten Insurance Group offers packages for Cheque Cashing, Money Transfer, Currency Exchange, Payday Loan and related services stores.

Mandatory coverages include Property (building and/or contents) and Liability. Optional coverages are available such as Loss of Income, Crime and Equipment Breakdown, as required.

Coverages

Property

Broad Form, Replacement Cost (excluding stock), $1,000 Deductible. Subject to Warranty Endorsement.

  • 90% Coinsurance
  • Sewer Back-Up
  • Earthquake
  • Flood
  • Extensions of Coverage include;
    • Temporary Locations - $25,000
    • Newly Acquired Locations - $100,000
    • Parcel Post - $2,500
    • Other Transit - $2,500
    • Sales Representatives - $2,500

Cash Advance Protect Extension Endorsement

  • Accounts Receivable - $10,000
  • Exhibition Floater - $10,000
  • Fire Fighting Expenses - $10,000
  • Professional Fees - $10,000
  • Outdoor Signs - $10,000
  • EDP Systems/Media/Breakdown - $10,000


Business Interruption - Limited Business Income - Broad Form

  • Limits as Required


Crime - Broad Form Money & Securities

  • Employee Dishonesty
  • Loss Inside Premises
  • Loss Outside Premises
  • Depositors Forgery
  • Third-party Computer and Funds Transfer Credit ($50,000, $75,000 and $100,000 Limits Available)


Commercial General Liability - $2,000,000

  • Non-owned Auto
  • Tenants Legal Liability - $250,000
  • Medical Payments - $10,000


Underwriting Considerations

  • Minimum Premium $1,000
  • Subject to satisfactory completion of the Cash Advance Program Supplement

For new submissions please contact us toll-free at 1-888-868-8367, or email us at property@tottengroup.com