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WE FOCUS ON PROTECTING YOUR COLLATERAL

At Century-National's Collateral Protection Processing Center, our job is to protect the collateral on consumer vehicle loans and contracts so that lenders can avoid the uninsured losses that take a bite out of bottom line profits. Too many insurance professionals try to be all things to the lender, selling credit life, GAP, unemployment, etc., while the quality of the collateral protection program suffers. Century-National understands all aspects of collateral protection and insurance tracking and provides a level of service second to none.

 

To contact the Collateral Protection division or for more information please select this link:

COLLATERAL PROTECTION CONTACT FORM

Please use this link to submit a Collateral Protection Claim:

CPPC CLAIM FORM



Vendors Single Interest and Limited Dual Interest Master Policy Programs

Our Master Policy program covers all collateral vehicles in your portfolio with Automatic Coverage whenever there is a lapse in coverage from the borrower. Program features include:

  • Automatic coverage protects the entire portfolio from uninsured losses

  • Annual or full remaining term policy add-ons

  • Cost of insurance recovered from borrowers, not from lender profits

  • Rates maintained for portfolio quality ranging from "A" credits to nonprime

  • One-call claim processing with no forms to complete

  • Comprehensive weekly management reports

  • Immediate premium refund quotes provided by telephone

  • Program is now filed and approved in a majority of states

 

 


Full Service Loan Tracking and Borrower Notification

While a handful of lenders still prefer to do their own insurance tracking, most lenders welcome the opportunity to outsource this function, thereby freeing the organization from the expense of paperwork and the frustrations associated with insurance processing. Century-National has developed tried and tested expert systems to do just that. Our insurance tracking and reporting system will provide you with these key benefits:

  • Greatly reduce insurance related correspondence, phone calls, paperwork, and confusion

  • Increase profits by reducing clerical expenses

  • Increase profits by motivating your borrower to reinstate insurance on the vehicle

  • Same-day processing of your insurance mail; all documents maintained on our premises

  • A series of effective borrower reminder notices to suit your needs — notices and time frames can be customized for your organization

  • Immediate assistance through our toll-free number printed on all borrower notices

  • Online insurance inquiry for all accounts available from the lenders office

For more information on our comprehensive collateral protection insurance program and vehicle loan tracking services, call Linda Anderson at 1-800-852-2232.

 
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