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This document is an insurance endorsement that modifies the FARM Property Coverage Form to cover the secured party against direct loss from impairment of its security interest in a mobile home, including
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How to fill out Mobile Home Lienholder’s Single Interest Endorsement

01
Obtain the Mobile Home Lienholder’s Single Interest Endorsement form from your insurance provider.
02
Fill in the name of the lienholder at the top of the form.
03
Provide the address of the lienholder accurately.
04
Enter the policy number related to the mobile home insurance.
05
Include the make, model, and VIN (Vehicle Identification Number) of the mobile home.
06
Specify the coverage limits required by the lienholder.
07
Sign and date the endorsement to certify that the information is correct.
08
Submit the completed form to the insurance company for processing.

Who needs Mobile Home Lienholder’s Single Interest Endorsement?

01
Any financial institution or lender that holds a lien on a mobile home needs a Mobile Home Lienholder’s Single Interest Endorsement to ensure their investment is protected in case of loss or damage.
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People Also Ask about

Single Interest means insurance that protects only the creditor's interest in the collateral securing the debtor's credit. Dual-interest means insurance that protects the creditor's and the debtor's interest in the collateral securing the debtor's credit transaction.
Single interest insurance, also known as vendor single interest insurance or VSI insurance, protects the lender but not the borrower of home, car, or other consumer loans. Single interest insurance covers the loss or damage of a loan's collateral, which is the underlying high-value asset such as a car, boat, or home.
Explanation: The mobile home endorsement is an amendment or addition to a standard homeowners insurance policy. It modifies the policy to include coverage for a mobile home and any associated structures on the property.
Vendors single interest coverage is insurance purchased by financial institutions that protects against financial loss from physical damage to property (collateral) on which loans have been made.
Lenders Single Interest (LSI) and Vendors Single Interest (VSI) insurance is purchased by the lender to protect its interest in various kinds of consumer loan and lease collateral. Collateral types include auto, boats, motorcycles, ATVs, motor homes, and equipment.

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Mobile Home Lienholder's Single Interest Endorsement is a type of insurance endorsement that protects the lienholder against loss if the mobile home is damaged or destroyed. It ensures that the lienholder's financial interest in the mobile home is safeguarded.
The lienholder, typically a bank or financial institution that holds the loan for the mobile home, is required to file the Mobile Home Lienholder’s Single Interest Endorsement.
To fill out the Mobile Home Lienholder’s Single Interest Endorsement, provide the lienholder's details, mobile home's information, and include the policy number. Ensure all necessary signatures and dates are included.
The purpose of the Mobile Home Lienholder’s Single Interest Endorsement is to protect the lienholder's investment by covering their loans in the event of damage or loss to the mobile home.
The information that must be reported includes the lienholder's name and address, the mobile home's VIN (Vehicle Identification Number), the policy number, and any specific loss payee details.
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