|LENDERS SINGLE INTEREST (VSI)
|Insurance for your collateralized loans when borrows fail to
provide their own.
In today's economy, it has never been more important for a financial institution to
protect its "bottom line."
Our collateral protection plan or "Lenders Single Interest" insurance is designed to
do just that.
The 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
- Physical damage to repossessed collateral.
Our plan is flexible and can be tailored to the specific needs of your institution and its'
clientele at the local level.
Some Individual Characteristics of the Plan
- Simplicity - One charge for all loans eligible under the plan.
- Rate Flexibility - The better your loss experience, the lower your rate.
- Outstanding Loans - Coverage is available for loans already on your books -
beginning with the effective date of your policy.
- Individual Attention - You deal with people you can talk to - not an insensitive
- Broad Coverage - We have included the broadest protection available in
- Extended Limits - We cover loans up to 72 months with limits of liability in
line with today's larger exposures.
Consider we have the flexibility to include Mobile Homes, Motorcycles, Watercraft, RV's,
Household Goods, Machinery & Equipment and other eligible types of collateral.
|PLUS LOW OR NO DEDUCTIBLES TO YOU
|What this Means to You
- Increased Profits
- Loan Preservation
- No Uninsured Collateral
- Bottom Line Protection
Best of All
Our Policy is structured so there may be no cost to you. In most areas the premium is passed on to
the borrower. The choice, however, is yours.
Note: Of necessity, this is a synopsis only. Please consult the policy for exact wording.
|Copyright 2008 Financial Security Solutions Inc.
Financial Security Solutions, Inc.