Managing your portfolio of automobile and commercial equipment can be very complex. If you are a lender working to monitor and protect a range of these interests, SUI has a program to make your life easier.
Highlights:
- Removes administrative burden of monitoring a loan portfolio for insurance coverage
- Coverage needs only to be verified at loan closing
- Eliminates additional customer outreach and complaints
- Customizable deductible and limit options are available
- Competitive coverage from top-rated carriers
- Claims category experience (collateral must be repossessed to file a claim)
- Easy monthly reporting
- Optional outsourced tracking program available to reduce losses
Eligible Collateral:
- Standard VSI covers a wide range of collateral including automobiles, motorcycles, boats, jet skis, ATVS, motorhomes, and small farm equipment.
- Commercial VSI covers collateral including commercial autos, inventory, business equipment, and farm equipment.
Available Coverages:
- Standard VSI:
- All Risk Physical Damage
- Instrument Non-Filing E&O
- Repossessed Collateral
- Skip and Confiscation
- Commercial VSI:
- All Risk Physical Damage
- Repossessed Collateral
Hundreds of clients nationwide choose to partner with SUI for their vendors single interest insurance needs. Learn why here.
