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 collision coverage on their car, you as the lender can place the vehicle on CPI. The cost of CPI is then passed onto and collected from your customer with their car payment.

No upfront costs

Efficient claims process

Increased profit on each loan

CPI Policy Issued

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

Add Vehicle

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

You're Covered

In the event of an accident, the collateral is now covered, eliminating the chance of uninsured loss to you as the lender.

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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