As a lender, you understand the need to protect your interest in auto loan collateral because, unfortunately, most of the vehicles you must repossess will have uninsured damage.

There are several options to choose from to provide protection, but only CPI has proven time and again to be the most effective way of managing risk, reducing chargeoffs by as much as 30 percent. As the only insurance carrier in the nation specializing in CPI, State National not only understands the value of CPI, but is also experienced in delivering programs that produce the maximum benefit for lenders. We recognize your individual needs and customize a program that best fits your unique requirements. State National also provides a number of other products to lenders.

State National’s CPI programs enable you to manage and mitigate risk by transferring the risk of uninsured collateral to us. With a CPI program in place, you are indemnified for damage to vehicles you repossess, whether or not you make repairs before the vehicles are remarketed. Our well-run programs combine broad coverage and high claim payments with the people and technology needed to deliver outstanding customer service. Additionally, our CPI plan can pay an administrative reimbursement based on the premiums your program earns.

CPI from State National is an essential part of a comprehensive risk management strategy to protect your auto loan business and improve your bottom line.