Proof of Insurance
When taking out a loan at Idaho Central, your loan agreement requires you to maintain a certain level of insurance on your collateral (Auto or RV). If you received a letter requesting you to update your insurance information on your Idaho Central Auto or RV loan you can do so by visiting our partner verification website below. This will allow us to verify you do indeed have the right insurance for your protection.
Questions & Answers
What needs to be included on my Insurance Policy?
- Idaho Central Credit Union, control #1994, as LIENHOLDER/LOSS PAYEE PO Box 58608, Tukwila WA 98138.
- COMPREHENSIVE and COLLISION coverage on vehicle with deductibles not to exceed $1000.
- Collateral must match collateral on loan document.
- Policy Number, Policy Period, and Company Name MUST be listed.
How long should it take for my insurance to be verified?
When visiting our partner verification website www.myinsuranceinfo.com the process itself is fairly simple and should only take around 5 minutes to complete. Once your insurance information is received, you will be sent an confirmation email. From there, the verification process will begin and if more information is required you will be provided further instructions on how to proceed.
How do I know I have the right coverage?
The exact coverage requirements can be found on your loan agreement documents. If you have questions or comments feel free to call in to Idaho Central at 1-800-456-5067.
What if I don’t provide or maintain insurance?
Should you fail to maintain the required insurance throughout the life of the loan, we may (but shall not be required to and without prejudice to our rights if we do not) purchase a policy for our own protection and pass the cost of the policy on to you, the borrower.