Vendor Single Interest Insurance

As always IL Group professionals will research your needs and the universe of available options and match them perfectly.

The Vendors Single Interest Insurance (VSI) policies provide you with either Named Peril or All Risk physical damage in the event of an uninsured loss due to a Borrower failing to insure their collateral.

Simple Blanket Vendors Single Interest requires no continuous monitoring of a Borrower's acceptable physical damage insurance. Coverage is extended on a blanket basis, insuring any portion of your in-force portfolio, sometimes called "Assumption Coverage" or new loan/lease originations. Blanket VSI coverage is normally extended for annual periods of coverage. However, term of loan/lease coverage is also known as "Continuation Coverage or Extension to Maturity" is available in certain instances.

Blanket VSI is available on an admitted basis in all states for all types of collateral, including: Autos, Pick-ups, Sport Utility Vehicles, Trucks, Semis, Trailers, Motor Homes, Recreational Vehicles, Commercial & Heavy Equipment, Farm Equipment and Mobile Homes.

In addition to physical damage coverage, we can suggest a selection of expansive supplemental coverages to enhance your Blanket VSI program. These include, but are not limited to:

• Conversion and Skip (Basic and Broad Form)
  
• Confiscation
  
• Mechanics Lien (with or without a physical damage loss)
  
• Repossession & Return Expense (with or without a physical damage loss)
  
• Repossession Storage Expense (with or without a physical damage loss)
  

• Mechanical Breakdown (with a physical damage loss)
  
• Waiver of Actual Cash Value
  
• Modified GAP Coverage
  
• Instrument Non-Filing
  
• Insufficient Insurance Coverage
  
• Repossession Deductible Buyback
  
• Excessive Debtor Deductible Coverage