As a borrower and according to the loan agreement, it is your responsibility to maintain insurance and provide proof of coverage on your collateral for the life of the loan.

What are the insurance requirements on my loan?

Auto Loans – You must carry comprehensive and collision coverage with deductibles of $1000 or less. Proof must include the insurance company, policy number, coverage dates, vehicle description with VIN, deductibles, and show Deseret First as lienholder. ID cards are not sufficient as proof of coverage.

Mortgage Loans – You must carry enough dwelling coverage to meet your loan balance. The deductible should not exceed $1000, unless otherwise approved by the loan underwriting department. Proof must include the insurance company, policy number, coverage dates, covered property address, deductible, and show Deseret First as mortgagee.

Condo/Townhome Loans – You will need to provide proof of HOA and condo coverage at each policy renewal.

How should Deseret First be listed on my policy?

Deseret First Credit Union
PO Box 924591
Fort Worth, TX 76124

How can I provide proof of insurance?

Online: Visit to enter your insurance information

Fax: 1-877-716-4691

Call: 1-877-621-1096


Mail: Deseret First Credit Union, PO Box 924591, Fort Worth, TX 76124

In Person: Deliver to any branch

What if I don’t provide proof of insurance?

If you do not buy your own insurance or provide proof of full coverage as outlined in the loan agreement, we may buy Collateral Protection Insurance to protect the loan collateral. The cost of the insurance will be added to the loan and the loan payment may be increased. The insurance Deseret First buys will generally be more expensive and does not provide the liability insurance coverage that is required to legally operate the vehicle. We strongly urge you to purchase your own insurance. If you don’t currently have insurance, contact our in-house agency, Deseret Insurance Agency, for a free quote.




Check out Auto Loss Protection! It can cover the gap between the insurance settlement and loan balance when your car is totaled or stolen.
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Did you know?? As a member of DFCU, you are eligible to receive free Accidental Death and Dismemberment coverage. See if you qualify!
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