If you have insurance coverage with the required comprehensive and collision, homeowners or flood coverage naming your financial institution as Loss Payee/Lienholder, you may do one of the following:

• Provide your insurance information on the Insurance Verification Form for Members. Be sure to include your insurance company name and policy number.
• You or your insurance agent can mail a copy of your current insurance policy. (Note: insurance cards are not acceptable proof of insurance.) Contact your financial institution for the correct address in your area. Or, the address is listed on any correspondence your may have received about verifying your insurance.
• You or your insurance agent can fax a copy of your current insurance policy. Contact your financial institution for the correct fax number in your area. Or, the fax number is listed on any correspondence you may have received about verifying your insurance.

All of the following information must be provided in order to demonstrate proof of insurance:

• Member’s Name
• Member’s Vehicle’s VIN Number or Property Address
• Member’s Insurance Company Name
• Member’s Insurance Policy Number
• The Dates for Which Member’s Insurance Policy Is Effective
• Member’s Collision & Comprehensive or Property Damage Deductibles
• Your Credit Union Listed as Lienholder or Mortgagee

 Acceptable documents to verify insurance include:

• Binders
• Renewal

Verification of insurance cannot be completed from:

• Insurance cards
• Hand-written information
• Binders older than 30 days
• Any document not including each item listed on the previous page

Why are insurance cards not valid proof of insurance?

• Insurance cards do not include lienholder information – and therefore cannot be accepted to protect your interest in a member’s loan