Collateral Protection Insurance

Coverage that safeguards your financed assets when borrower insurance falls short or disappears.

Even the most responsible borrowers can let their insurance lapse, leaving your institution unexpectedly exposed. Collateral Protection Insurance (CPI) closes that gap. At IL Group, we evaluate the market, outline clear coverage options, and tailor CPI programs that protect vehicles, equipment, and other high-value assets when borrower coverage isn’t in place. The goal is simple: keep your collateral protected and your team free from the stress of constant monitoring so you can stay focused on serving your clients.

Our team understands how quickly uninsured collateral can become a risk issue. We make CPI straightforward by providing side-by-side options, answering day-to-day questions, and ensuring your coverage stays aligned with your evolving portfolio. CPI not only shields you from loss, but it also reduces the workload on your internal teams by minimizing follow-up, documentation, and manual tracking. Once your program is in place, our client service continues with ongoing support to help you stay efficient, compliant, and protected. Optional coverages can be added to match your specific needs.

What We Cover:

• Automobiles
• Trucks and SUVs
• Semis and trailers
• Motor homes and RVs
• Commercial heavy equipment
• Farm equipment
• Mobile homes