Your Proof of Insurance must include the following:
1. Lienholder / Loss Payee listed as:
Granite Credit Union
Insurance Outracking Department
PO Box 810
Springville, UT 84663-0810
2. Comprehensive and Collision coverage
with a maximum $1000 deductible.
Should you fail to maintain the required insurance throughout the life of the loan, the lender may (but shall not be required to and without prejudice to its rights if it does not) purchase a policy for its own protection and/or charge a non-compliance fee and apply all fees, charges, and costs to the balance of your loan. This may cause an increase to your regular payments.
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