This request allows you to add or edit existing insurance information for a collateral item on a loan.
General
Lenders will often track the insurance information for a collateral item such as an automobile. Here's what you need to know about this request:
- The
Insurance
object is nested within theLoans
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 an example of how insurance works in the LoanPro UI, take a look at 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:
- Database – Loan Insurance Info (loan_insurance_entity)
- Database – Collateral Entity (collateral_entity)
- Database – Collateral Field Entity (collateral_field_entity)
{
"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"
}
}
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.