Am I required to obtain full coverage insurance on my loans?

If your secured loan has a balance of $2,500 or more, you are required to have full coverage insurance with a deductible of $1,000 or less. Once the loan balance drops below $2,500, you are no longer required to maintain full coverage insurance. If you fail to provide proof of full coverage insurance, Veridian reserves the right to add insurance to the collateral.