Coverage for merchants, distributors, and manufacturers of products that sell their wares using time payment plans. This coverage can be on a vendors only form, which covers the insured for the unpaid balance due the vendor until the property is fully paid for, or on a vendors and vendees dual interest form, which covers the entire cost of the item until the final payment is made. The vendors and vendees dual interest form covers both the purchaser and the seller in the event there is a loss to the merchandise before it is fully paid off. The purchaser does not have to continue making payments on an item which is no longer in use, and the vendor can maintain the goodwill aspects of terminating the customer's payments.