Collateral Protection Insurance Program.

Collateral Protection Insurance protects the Lender's collateral in the absence of the borrower providing coverage to the Lender as a lien holder. The most common type of collateral is the automobile, but our program also include coverage for recreational vehicles, motorcycles, pickups, vans, boats, mobile homes, and commercial vehicles on a limited basis.

Our product provides dual interest coverage and protects both the Lender and the borrower for physical damage only, up to the loan balance at the time of the insurance exception. The Lender elects the coverage; the borrower pays for the premium. The maximum limit of liability is $75,000.

The Lender, at their choosing, may elect additional insurance protection for an added premium paid by the lender. These coverages can include: Conversion, Embezzlement & Secretion; Repossession Expense; Instrument Non-Filing; Waiver of Actual Cash Value; Premium Deficiency; Repossession Expense; Mechanics Lien; and Worldwide Protection.

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