This request allows you to add or edit existing insurance information for a collateral item on a loan.
Lenders will often track the insurance information for a collateral item such as an automobile. Note the following when making this request:
The Insurance object is nested within the Loans entity.
Insurance information is not required for collateral tracking items, but each loan account can only have one set of insurance information—even if there are multiple collateralized items.
Since there can only have one set of insurance information, this request doesn't require **id and **update fields like our other requests.
Database
For information on insurance and collateral tracking 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"
}
}