Insurance Verification
Providing proof of insurance for your vehicle loan.
Are you insured?
When you take out a loan, we require that you have a certain amount of insurance coverage to protect your collateral.
Easy Online Submission
View a step-by-step video with instructions.
It's Secure
The information is only used to update our records and will not be disclosed to third parties.
It's Quick
The whole process only takes five minutes or less.
If you have an auto, motorcycle, boat, or RV loan with us, you probably know that we require the vehicle to be insured. You may have even received a letter requesting you to update your insurance information. Here's the good news: we've made it easy! Click the button above to visit our Insurance Verification Center to update your info.
Before starting the insurance verification process, please have your insurance declarations page and any notice that you received in the mail readily available.
You will be redirected to our partner website. MyInsuranceInfo works with Tower to verify your insurance.
Why is it necessary to confirm my insurance using a site called MyInsuranceInfo?
We collaborate with MyInsuranceInfo to provide our members with an easy and secure method to maintain their insurance details are up-to-date. For further information about MyInsuranceInfo, refer to their quick guide or reach out to them at 800-998-0763.
Why did I receive a letter asking me to verify my auto insurance?
We generally send verification letters for one of six reasons: 1.) You took out a new loan or refinanced your existing loan 2.) You removed any of the required coverage from your policy 3.) We received a cancellation from your current insurance company 4.) Tower wasn't listed as a lienholder on your insurance policy 5.) Your insurance expired 6.) This is a standard insurance re-audit. You can learn more on our partner's website or by calling 800-998-0763.
How long does it take to verify my insurance?
Our partner, MyInsuranceInfo, ensures a swift and effortless process—typically completed within five minutes for most individuals. To streamline the procedure, ensure you have your insurance policy and loan agreement readily available. After receiving your insurance information, you'll receive a confirmation email. Subsequently, we'll verify your documents within three business days and contact you if further information is required.
What are Tower’s insurance coverage requirements?
You are required to maintain insurance for any vehicle used as collateral to secure a loan with us. Coverage must include fire, theft, comprehensive loss-by-collision (with maximum deductibles of $1,000.00 for Collision and $1,000.00 for Comprehensive), and liability protection.
Tower must also be designated as the lienholder on your policy. Please provide the following information to your insurance provider for listing as the lienholder:
Tower Federal Credit Union
PO Box 44
Carmel, IN 46082
If you require assistance, please feel free to call 800-998-0763.
