LENDER'S SINGLE INTEREST
Lender's Single Interest (LSI) coverage protects consumer loan collateral, autos, RV's, boats, mobile homes, etc., from uninsured damage or theft, skip by the borrower and lien filing errors.
Coverage before and after repossession protects the lender from uninsured damage and loss of the loan collateral.
Covers the lender from loss of the collateral when both the borrower and vehicle cannot be located. Any goverment seizure of the vehicle resulting in forfeiture of the asset is also covered.
Covers the lender from loss due to an unintentional error in the lien filing process, which upon default prevents the lender from taking possession of and re-marketing its loan collateral.
Covers Uninsured Damage & Theft to the loan collateral, discovered after repossession of the vehicle or other consumer loan collateral. Also covers Skip by the borrower; and Security Interest Errors & Omissions that result in a loss of your right to repossess the collateral.