Collateral protection is a key component to every lender’s goal of reducing risks, whether they face uninsured losses, repossessions, or the like. If your objectives include reducing operating costs, optimizing borrower acceptance, and reducing financial risks, then consider SUI’s Collateral Protection Insurance Program (CPI) as your next insurance partner.
Working with SUI provides a wide variety of benefits for lenders, including:
- Competitive rates
- Claims administered by SUI
- Simplified service administration and reporting
- Annual premiums
- Access to insurance tracking via InsuraTrac, SUI’s automated insurance management system
Both the lender and borrower benefit from SUI’s program. An outsourced tracking program creates discipline in a portfolio for the lender, which lowers the overall uninsured rate. A lower overall uninsured rate can lead to fewer repossessions, protecting both lender and borrower.
Collateral coverage includes:
- Automobiles
- Boats
- Motor homes
- Motorcycles
- Recreational vehicles
- Watercraft (under 30 feet)
Both dual and single interest coverages are available for any size lender through the SUI CPI Program. Find out more here.
