WHAT IS COVERED?
VSI provides a blanket policy that protects the lender or lessor when the borrower's primary insurance has lapsed or been canceled.
COVERAGE HIGHLIGHTS:
All Risk Physical Damage Insurance
Non-Filing Errors and Omissions
Skip Insurance
Confiscation Insurance
Repossessed Vehicle Insurance
OPTIONAL ENDORSEMENTS:
Waiver of Subrogation
Mechanical Liens and Storage Charges
Waiver of Actual Cash Value
Borrower Deductible Coverage
Insurable collateral includes automobiles, motorcycles, watercraft, recreational vehicles, mobile homes, and other chattels.
Premium rates and remittance are calculated per lending institution. We provide for simplified premium remittance.
