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SWBC offers CPI programs to protect your auto loan portfolio from risk and comply with regulatory requirements. Learn about Hybrid CPI, AutoPilot software, and borrower-focused convenience.
18 Αυγ 2023 · CPI insurance is a type of car insurance bought by your lender if you don't have enough coverage. Learn how it works, what it costs, which companies provide it and how to get rid of it.
Collateral Protection Insurance, or CPI, insures property held as collateral for loans made by lending institutions.
29 Νοε 2021 · Collateral protection insurance is used by both mortgage lenders and auto lenders when a borrower has failed to provide proof of insurance. This sort of coverage may also be called creditor-placed insurance, lender-placed insurance, or force-placed insurance.
15 Οκτ 2024 · Sometimes referred to as forced car insurance or lender-placed insurance, collateral protection insurance is enacted when an individual who takes out an auto loan fails to adequately insure the vehicle and the bank or lender forces their own coverage.
31 Οκτ 2023 · Collateral protection insurance (CPI) serves as a safety net for lenders when borrowers fail to maintain adequate insurance on assets like cars or homes. The coverage is vital in reducing...
3 Νοε 2023 · Collateral protection insurance is a specialized policy that lenders can add to loans when borrowers fail to adequately insure their financed assets, like vehicles. In the event of damage or loss to the asset, CPI covers the outstanding loan balance, protecting the lender from financial loss.
