Blanket Lender's Single Interest - LSI or VSI

Auto Consumer Lending

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Broad coverage of collateral loss for your entire consumer loan portfolio — with no need to track insurance.


  • Uninsured Physical Damage Coverage: Protects the lender from uninsured damage or theft of the loan collateral, occurring before or after repossession.
  • Skip & Confiscation: Covers the lender against loss of collateral when borrower and vehicle cannot be located or when the vehicle has been seized by a public authority.
  • Security Interest Non-filing: Protects the lender from a lien filing error or omission preventing repossession and sale of the collateral.
  • Covers all types of consumer loan / lease collateral: Autos, Vans, Light Trucks, Motorcycle, RV, Watercraft, Mobile Home, Other Property; also Commercial Vehicle/Equipment coverage available.
  • High Limit of Loss: $50,000; $100,000 or higher as needed.
  • Zero Deductible; with deductible options to reduce premium rate.
  • Assumption of Coverage: entire loan portfolio covered with no upfront premium
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  • Broad Coverage of Loan Collateral Losses
  • No Insurance Tracking Required
  • Easy to Use / No Administrative Burden; only a Simple Monthly Report
  • Avoid Borrower Complaints and Uncollectible Force-Placed Premiums
  • Premium May Be Disclosed and Passed On to Borrower in Most States

Optional Coverages

  • Broad Form Skip (Collateral Locate)
  • Repossession Expense Reimbursement
  • Mechanic’s Lien Coverage
  • Towing & Storage Expense
  • ACV Plus (Settlement above guidebook value), etc.


Gone are the days of having to track individual borrower insurance or contacting borrowers when their insurance lapses.

What Is Blanket Lender Single Interest?

Blanket Lender Single Interest (BLSI) insurance, also referred to as Vendor Single Interest (VSI) is the easiest way to protect your entire collateralized loan portfolio. With Blanket Lender Single Interest, you are covered if any vehicle in your portfolio is repossessed or damaged without other insurance coverage. Since all existing loans and new loans are automatically covered, you can have peace of mind that no matter what happens, you will be covered.

Types of Coverage Under Your Policy

Coverage under your Blanket Lenders Single Interest policy can be customized to fit the needs of your portfolio, with options including:

  • Uninsured Physical Damage & Theft Protection – Covers both total and partial losses resulting from physical damage or theft.
  • Skip Protection – Covers you if you are unable to locate a borrower or obtain your collateral.
  • ACV Waiver Coverage – Ensures the entire loan is paid to you in full, even if the actual cash value of the vehicle is less than what is owed.
  • Errors & Omissions Coverage – Makes sure you are protected in the case of unfiled or improperly filed security interest [liens].
  • Mechanic’s Lien Coverage – Pay for the release of vehicles held buy body/repaid shops and other garage facilities.
  • Repossession & Towing Expenses – Will reimburse you for out-of-pocket expenses incurred when repossessing or transporting an uninsured and damaged vehicle.