VSI is a single interest program that only protects the lender. Proof of insurance is required at loan origination. There is no tracking or insurance follow-up required. A fee is charged to each loan with covered collateral. Examples of the typical collateral types that are covered are:
- Automobiles
- Pickup trucks & vans
- Campers
- Motorcycles
- Mobile Homes
- Farm Equipment
- Boats, motors and trailers
Coverages
- All risk physical damage
- Instrument non-filing
- Confiscation and skip
- Repossessed collateral
Coverage for your entire portfolio can be included under our Assumption of Risk endorsement. Fees are paid monthly and submitted on one reporting form.