Accidents Happen

Collateral Protection Insurance

Collateral Protection Insurance (CPI) insures a customer's vehicle that is held as collateral for a loan made by a BHPH dealership.

Why Have CPI?

Up to 75% of non-prime auto customers walk into your BHPH dealership without having insurance coverage.

BHPH dealers experience the difficulty of keeping a customer's vehicle insured. If a customer finances a vehicle, then gets into an accident without insurance, you the lender, are now at risk.
Insurance For Collateral

Accidents Covered

When a customer does not have physical insurance on their car, the lender can place the vehicle on CPI. The cost of CPI can be passed onto and collected from your customers.

No upfront costs
Efficient claims process
Increased profit on each loan
1

CPI Policy Issued

American Risk Services issues a collateral protection insurance policy for your finance company
2

Add Vehicle

When the customer loan is issued, you then add you vehicle to your CPI policy.
3

You're Covered

In the event of an accident where the customer does not have physical damager coverage, you set up a payment schedule to bill the customer for your cost of the CPI.

Get In Touch

We customize programs specific to each dealer’s needs.
"Preferred Dealer Solutions provides you with proven consulting information to make smart and profitable decisions."
Kevin Stoll, President
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