Blanket Auto Insurance

Vendor’s Single Interest (VSI) and Lender’s Single Interest (LSI)

Ever since van Wagenen devised the first Blanket Single Interest Insurance program shortly after WWII, we’ve been protecting lenders against uninsured losses.

We understand the risks involved in your business. From physical damage losses on repossessed collateral to owners disappearing with your collateral, the effect on your profits can range from slight to devastating. Insuring your entire portfolio with Blanket Insurance from van Wagenen is a smart and efficient way to mitigate a multitude of risks.

van Wagenen’s Blanket protection:

• Virtually eliminates physical damage losses on repossessed vehicles.
• Reduces charge offs.
• Does not require insurance tracking.
• Provides lowest cost per unit insured.
• Allows costs to be passed to borrowers in most states.

And with optional coverage that includes errors and omissions, confiscation and skips coverage or repossession expense protection, your entire portfolio is covered with a security blanket like none other.

Complete Coverage. That’s the value of van Wagenen’s Blanket Single Interest Insurance. Whether your collateral is damaged or disappears, your loss can be protected.

van Wagenen conceived and developed blanket coverage more than 60 years ago. And as your institution has changed, so have we. Today our Lender Blanket Single Interest policy provides the most comprehensive coverage available for your entire loan and lease portfolio.

van Wagenen’s Blanket Single Interest Insurance:

• Virtually eliminates repossessed physical damage losses.
• Has no loan term restriction or mandatory insurance follow-up.
• Provides the lowest cost per unit insured.
• Allows costs to be passed to borrowers in most states.
• Reduces charge offs.

With optional coverage for errors and omissions, confiscation, skips or repossession expenses, Lender Placed Blanket Insurance is a smart and efficient way to mitigate a multitude of risks.