A good loan gone bad…it happens! Blanket Single Interest Insurance, also referred to as Lenders Single Interest (LSI) or Vendors Single Interest (VSI), protects your consumer loan portfolio against losses to collateral when delinquency and repossession occur.
Key Features of our Blanket Single Interest Insurance…
- Coverage for losses due to uninsured physical damage or theft.
- Optional Coverages: borrower skip, concealment of collateral, confiscation of collateral, and non-filing errors and omissions
- Eligible collateral includes autos, trucks, motorcycles, watercraft, ATVs,
- Trailers & RVs, farm equipment, commercial vehicles and equipment.
- Coverage for installment loans, single payment loans, irregular payment loans, and leases
- High limits and multiple deductible options
- Assumption of coverage on existing loans
- No tracking of borrower insurance
- No force-placement of insurance
- Underwriting insurance company rated “Excellent” by A.M. Best
For more information, call Wickline Financial Insurance at 800-743-9982
Or email to: lwickline@wicklineinsurance.com