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Vehicle Collateral Protection Insurance (CPI)

  • Credit Unions
  • Banks
  • Finance Companies
  • Auto Dealers
  • Utilities

With the right technology, you can cancel out the noise of insurance tracking

With 40 years and over 18 million loans tracked, we discovered that while 8% of borrowers don’t verify their insurance on collateral, only 1 to 3% that will remain uninsured after being informed of their requirement to maintain coverage. But you need the right tools and strategy to effectively reach borrowers. Otherwise, insurance tracking can result in significant work for staff and a less-than-ideal borrower experience.

Borrowers now expect real-time, convenient service in every interaction they have, including those with your financial institution. Make it as seamless as possible by meeting borrowers on the channels they prefer including video, text, and email. With Allied, you can further reduce friction points by implementing insurance tracking technology that automatically searches carrier websites for existing insurance before notices are ever sent--meaning you are reducing the number of notices sent to borrowers without staff having to lift a finger.

Watch the video below to learn how Allied's CPI Program elevates your borrower experience while reducing false placements and forced placements.

Our smart CPI includes:

  • Award winning customer service
  • Predictive CPI
  • SmartVideo
  • One-call resolution
  • Proactive insurance verifications
  • Delayed billing
  • Payment recalculation automation
  • Lender dashboard

A CPI Program that Prioritizes Your Consumer

 

CPI Infographic

 

 

 

NAFCU Services' Preferred Partner

Year after year, Allied is proud to maintain status as one of NAFCU Services' Preferred Partner for CPI.

 

   

Certified Center of Excellence awarded by Benchmark Portal

               

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