Why Proof of Insurance is Required
When you get a collateral loan from Infuze Credit Union, full coverage insurance is required to protect both your investment and the credit union's interest in the collateral. Proof of insurance must be provided to ensure your loan remains in good standing.
Insurance Requirements for Collateral Loans
For any new loan secured by a vehicle or recreational vehicle, your insurance must meet these criteria:
- The Vehicle Identification Number (VIN) on your insurance policy must match what we have on file.
- Deductibles must be $1,000 or less for both comprehensive and collision coverage.
- Infuze Credit Union must be listed as the lienholder or loan payee:
- INFUZE CREDIT UNION
PO BOX 2009
WAYNESVILLE, MO 65583
- INFUZE CREDIT UNION
- The borrower must be listed as the policyholder or insured driver on the policy.
How to Submit Proof of Insurance
- Online: www.wehaveinsurance.com
- Call: 1-800-635-5142
- Fax: 770-979-3173 or 866-266-7898