Collateral Protection Insurance Buy Here Pay Here Online

If a customer eventually provides proof of their own insurance, the dealer must usually remove the CPI and may owe a prorated refund for the period of dual coverage.

Look for providers like Buckeye Risk Services or DealerRE that specialize in BHPH-specific risk management. ✅ Summary for Borrowers collateral protection insurance buy here pay here

CPI is a specialized insurance policy a lender (the dealership) purchases to protect their interest in a vehicle. According to Bankrate , it is triggered when a borrower fails to maintain the comprehensive and collision coverage required by their loan agreement. Why Dealers Use It If a customer eventually provides proof of their