Collateral Protection Program

Limited dual interest collateral protection insurance is meant to directly address the borrower who has failed to do the "right thing". Should the borrower become uninsured, coverage, and the associated premium, is extended to the borrower under the lender's master policy. The dual interest coverage allows the borrower to have a damaged auto repaired.

By repairing the vehicle, fewer borrowers will become repossession candidates. Fewer repossessions mean fewer charge-offs and better returns. This coverage is available in conjunction with OSC's expert insurance tracking services or under a lender-tracked environment.

Single interest collateral protection is similar to dual-interest coverage except the borrower has no rights to file a claim under the lender's policy. Coverage costs are most often passed onto the borrower. Like dual-interest CPI, it is available in conjunction with OSC's Expert Tracking System or as a self-tracked program.