VSI2018-09-07T20:34:49+00:00

Vendor Single Interest Insurance (VSI)

Vendor Single Interest Insurance (VSI), sometimes referred to as Blanket Single Interest Insurance, is the answer for creditors looking for peace of mind without the obligation to monitor insurance or the stress of collecting CPI charges. The strength of VSI is its simplicity. The policy “blankets” the entire insured portfolio and covers uninsured physical damage discovered upon repossession.

Premiums may be passed on to the customer in most states.

Benefits of VSI coverage include:

  • Broad coverage for damage discovered upon repossession
  • No tracking or follow-up required
  • Simple monthly premium reporting and payment

Basic physical damage coverage may be supplemented with optional coverages such as Skip, Confiscation and Instrument Filing E&O

Vendor Single Interest (VSI) Insurance is:

  • ‘Blanket’ insurance that covers the creditor’s impairment if:

  • The vehicle is repossessed with damage and…

  • There is no other insurance on the vehicle

Vendor Single Interest Insurance (VSI), sometimes referred to as Blanket Single Interest Insurance, is the answer for creditors looking for peace of mind without the obligation to monitor insurance or the stress of collecting CPI charges. The strength of VSI is its simplicity. The policy “blankets” the entire insured portfolio and covers uninsured physical damage discovered upon repossession.

Premiums may be passed on to the customer in most states.

Benefits of VSI coverage include:

  • Broad coverage for damage discovered upon repossession
  • No tracking or follow-up required
  • Simple monthly premium reporting and payment

Basic physical damage coverage may be supplemented with optional coverages such as Skip, Confiscation and Instrument Filing E&O