How long do I have to provide proof of insurance on my auto loan?
Veridian requires you to submit proof of insurance for any vehicle that has a loan with us. Within 56 days of your loan signing, you must provide your documentation at myinsuranceinfo.com. You’ll need the reference ID that was sent to you or you can answer some information to locate your account.
Your insurance policy needs to include:
Loss payee: Veridian Credit Union, P.O. Box 2327, Sioux City, IA 51106. Control #8162
Comprehensive and collision coverage on vehicle with deductibles not to exceed $1,000.
Collateral must match collateral on loan document.
Policy number, policy period and company name must be listed.
If you don’t submit the above information within 56 days of your loan signing, we’ll insure the vehicle ourselves and add the cost to your loan, extending the term. Please note, this will only cover the vehicle and does not include personal coverage.