Commercial Lender's Single Interest (LSI/VSI) Insurance

Commercial Lending

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Eliminate the need to track insurance or force place coverage on Commercial Equipment and Vehicle portfolios.


  • Uninsured physical damage and theft coverage without any requirement to track primary insurance
  • High limit of loss available
  • Covers all types of commercial collaterals and business lease assets
  • Simple monthly or annual premium


  • Blanket portfolio protection of various commercial collaterals or leased assets
  • Elimination of insurance tracking creates internal cost savings
  • Shields the lender from an unexpected and significant write-offs
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No More Triple-Checking Coverage

Recognizing the primary burden associated with tracking commercial collateral is efficiently and accurately verifying limits on the multiple pieces pledged, most lenders opt to eliminate insurance tracking after proof of coverage is obtained at closing. Instead, they purchase a Commercial Lender’s Single Interest (LSI/VSI) policy that eliminates the need to continuously verify coverage and react to cancellation notices while providing single-interest physical damage coverage.  

Types of Collateral Covered

  • Truck/Equipment
  • Construction
  • Excavation
  • Agricultural
  • Medical / Dental
  • Computers / Telecom
  • Office Furniture / Equipment
  • Fitness & Sports
  • Dry Cleaning
  • Retail Fixtures
  • Restaurant
  • Specialty Tools
  • Maintenance
  • Entertainment
  • Livery / Delivery
  • Landscaping
  • Raw Materials
  • Landscaping
  • Manufacturing
  • Printing
  • Auto Repair
  • Audio Visual
  • Logging
  • Milling
  • Machining
  • Inventory

What Lenders Should Know

Commercial lenders cannot afford for their collateral to operate without insurance. Commercial Lender's Single Interest coverage eliminates a major source of headaches and expenses for lenders. It provides all-inclusive protection against an unexpected write-off when their collateral is damaged or destroyed. Without this coverage, a loss that occurs could jeopardize the borrower's ability to repay the outstanding loan balance.

What Is Commercial Lender's Single Interest (LSI/VSI) Coverage?

Commercial Lender's Single Interest (LSI) coverage protects an entire loan portfolio against uninsured losses to damaged, repossessed collateral. When a lender purchases a Commercial LSI policy, it immediately covers both new and existing loans, essentially eliminating the need to track insurance policies for each collateral and request force placed coverage. 

Types of Coverage Under Your Policy

There’s no one-size-fits-all policy that’s right for every lender which is why Lee & Mason offers customized policies to meet your organization’s portfolio and needs. Complete an application to obtain a formal proposal or contact your representative to learn more. The most common features include:

  • Single-interest physical damage coverage (including Theft and Vandalism) for collateral damaged during the loan or lease term and discovered upon repossession.
  • The ability to complete simple monthly reporting (less than ten minutes) or report values and pay premium annually.
  • Single Interest physical damage protection for collateral has successfully been repossessed but is damaged while you are working to liquidate.

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