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Vendors Single Interest
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There is an alternative to lender placed hazard insurance!
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Vendors Single Interest (VSI) or as it is often called Lenders Single Interest (LSI) insurance
is blanket protection for a lenders interest in most types of loan collateral including vehicles,
equipment, and other personal property. The product has numerous coverage options including:
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- All Risk Physical Damage
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- Instrument Non-Filing Errors and Omissions (E & O)
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- Skip and Confiscation
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- Repossessed Collateral Coverage
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- Mechanics Lien and Repossession Expense Reimbursement
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- Actual Cash Value (ACV) Waiver
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Premium is rated and collected on a per new loan basis or as a factor of monthly outstandings. In most
states, the per loan fee may be disclosed and collected from the debtor at loan origination. A
number of deductible and limit options are available. Click [here] and complete
the on line form, or contact SUI [here] for a free competitive rate quotation
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