Collateral Protection Insurance

Protecting Both Lenders and Borrowers

Collateral Protection Insurance is used to transfer physical damage, theft, and other perils associated with consumer and commercial vehicles. Our CPI program uses a borrower-centric approach, which works with your borrowers to help them maintain their vehicle insurance.

Red Rock’s partner approaches CPI insurance as a way to manage collateral risk by encouraging the borrowers to maintain their vehicle insurance. An insured borrower who has an accident will not become a repossession.

What is CPI Insurance? Collateral Protection Insurance policies are dual interest policies, meaning that both the lender and the borrower will have coverage under the policy.

Additional benefits include:

• Broad Dual Interest Coverage
• Low cost to the lender
• Requires borrower vehicle insurance tracking
• Highly regulated
• Skip Tracing, GAP Claim Service, and Primary Claim Service also available

Comprehensive coverage for lenders and consumer-friendly protection for borrowers at a competitive rate is a winning combination worth exploring today.