Why we need your insurance information
As part of your equipment financing agreement with First Western Equipment Finance, you’re required to maintain proper insurance coverage throughout the term of your contract. Keeping your insurance documentation current helps avoid delays or additional charges.
Insurance Certificate Checklist
Here is what your agent should provide us with on the certificate of insurance in Acord form (if available).
The Lender
First Western Bank & Trust, DBA: First Western Equipment Finance, ATIMA, 100 Prairie Center Drive, Eden Prairie, MN 55344 as certificate holder, loss payee or additional insured, depending on your finance or lease contract.
Contract (agreement) Number
This is located on your finance documents from First Western Equipment Finance on the first page.
Cost of Equipment
The total cost of the equipment is typically on the dealer's invoice. This is the cost of the actual equipment, not the total amount of the loan.
Policy Dates
The effective and expiration dates of the policy. Just like your homeowner or auto insurance.
Insurance Provider
The name of your insurance provider (or carrier) and your policy number.
Insurance Solutions
We work with a national insurance provider, specializing in equipment, if you need coverage.
Need help?
If you're unsure about what to submit or how to complete the process, contact our Insurance
Department:
Phone: (800) 288-5088
Email: insurance@firstwesternef.com
Business Hours: Monday–Friday, 8:00am–5:00pm CT
Insurance Frequently Asked Questions
Why does First
Western require
insurance?
As part of your loan or lease agreement, your
equipment must be insured against loss or damage.
Submitting your certificate of insurance ensures your
account remains in good standing and avoids
automatic placement in a protection program.
What happens if I don’t
submit proof of
insurance?
If valid insurance is not submitted, your account may be
enrolled in an equipment protection program, and
additional charges may apply. We recommend
submitting your documentation as soon as possible.
Who should be listed as
the loss payee?
Please list:
First Western Equipment Finance
100 Prairie Center Drive
Eden Prairie, MN 55344
This ensures we are notified in the event of a policy
change or claim.
Can my insurance agent
submit the certificate
directly?
Yes! Insurance agents are welcome to upload the
document using this form or send it directly to:
insurance@firstwesternef.com