Blanket Single Interest


carBlanket Single Interest or BSI insurance (also called Vendor Single Interest or VSI) offers a simple and time-tested way to insure a collateralized loan portfolio against risk of uninsured physical damage losses. Coverage applies to any vehicle in the lender’s insured portfolio that is repossessed with otherwise uninsured damage. Because the policy does not require insurance follow up by the lender, Blanket Single Interest Insurance can be the best choice for lenders that wish to avoid formalized insurance tracking.


  • Covers loss to lender when vehicle is repossessed with physical damage for which no other insurance is available
  • No insurance tracking
  • Single monthly premium based on new loan production or monthly outstanding balance of insured portfolio
  • Basic physical damage coverage may be expanded with several optional endorsements