Collateral Protection Insurance is single interest physical damage insurance to protect lending institutions if a borrower cannot provide proof of insurance. At the time the loan originates, the lender is able to force place coverage on the borrower’s loan to protect the lender’s collateral interest from uninsured damage or loss. All of the program administration, claims, and billing are handled by a third party administrator.
Our dealer partners also have the option of participating in the underwriting profits (reserves available after claims are satisfied) and investment income (interest earned on claim reserves) with the CPI program through reinsurance and retro programs.
Contact us today for a free, no obligation analysis or for more information regarding our CPI programs.