BLANKET VENDORS SINGLE INTEREST INSURANCE (commonly known as VSI) is designed to protect the lender's interest only in their collateralized consumer installment loan portfolio.
Our program has certain basic areas of coverage which include, but are not limited to: All Risk Physical Damage, Security Agreement Non-Filing, Skip or Confiscation, Damage After Repossession, as well as a GAP provision (waiver of ACV settlement option).
We also have the flexibility to include Mobile Homes, Motorcycles, Watercraft, RV's Personal Property, Machinery & Equipment and other eligible types of collateral.
Our plan is flexible and can be tailored to the specific needs of your institution. You simply pick which coverage(s), and collateral, you need.
The Community Bankers Association of Georgia has given their endorsement to the coverage, and rate structure, of our program. What this means to you is a strong local company providing the broadest protection available, in today's marketplace.
1. SIMPLICITY - The same rate applies to all elgible loans under the plan.
2. RATE FLEXIBILITY - The better your loss experience, the lower your rate.
3. OUTSTANDING LOANS - Coverage available for loans already on your books.
4. INDIVIDUAL ATTENTION - Our service is unmatched in the industry.