Add/Edit Insurance

This request allows you to add or edit existing insurance information for a collateralcollateral - Individual or company property securing repayment of a loan. This property may be forfeited in the event of a default on the account. Within LoanPro, you can secure a loan with up to 50 items of collateral or none at all. item on a loan.

General

Lenders will often track the insurance information for a collateralcollateral - Individual or company property securing repayment of a loan. This property may be forfeited in the event of a default on the account. Within LoanPro, you can secure a loan with up to 50 items of collateral or none at all. item such as an automobile. Here's what you need to know about this request:

  • The Insurance object is nested within the Loans entity.
  • Insurance information is not required for collateral items, but each loan account can only have one set of insurance information—even if there are multiple collateralized items.
  • Since you can only have one set of insurance information, this request doesn't require __id and __update fields like our other requests.

For more information on the topic as well as details about how this works in the LoanPro UI, read our API – Add Insurance to a Loan article on our help site.

Database

For information on insurance and collateral database tables, see the following articles:

{
    "Insurance": {
        "companyName": "State Farm",
        "insured": "Jane Doe",
        "agentName": "Mr. Agent",
        "policyNumber": "EIRK-049203-0498",
        "phone": "5555555555",
        "deductible": "900.00",
        "startDate": "2015-01-15",
        "endDate": "2015-01-15"
    }
}

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Try It Instructions

Our requests often provide sample payload information so that you can receive a 200 response from simply hitting the Try It button. This request is ready for you—expand the object by clicking the "+" symbol and hit Try It to send the request.

If you would like to try this request with your own tenant account, make sure to change the headers to match your own authentication information.

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