Vacation Insurance Policy (VIP)

First American developed this program for the purpose of providing time-share lenders and their borrowers the opportunity to insure that sufficient beneficial interests (inventory points) are available for sale, and that each borrower has in fact acquired ownership of the appropriate “points”. 

This “back end” coverage is the perfect complement to the “front end” coverage of First American’s traditional real estate title insurance provided in connection with land and construction loans.

The Eagle 9® UCC Insurance Vacation Interest Policy insures both lender and borrower in a manner never before available.  Our new policy provides the lender the comfort it seeks that the developer has not “over sold” the beneficial interests, and insures the borrowers that they truly own what they purchased.