A life insurance policy may be used as collateral to secure a loan. If you die before the loan is repaid, the lender will be repaid from the policy’s death benefit proceeds before beneficiaries can ...

Collateral protection insurance (CPI) is a lender-chosen safeguard when borrowers lack full coverage car insurance. CPI coverage typically focuses on physical damage, including collision and ...

To cater to different lending scenarios, CPI comes in two primary forms: dual-interest insurance and single-interest insurance. Each type offers distinct features and advantages. In dual-interest ...

The ravages of the recent hurricane season served as a wake-up call to many lenders and their professionals about problems and pitfalls when collateral is not appropriately and necessarily insured as ...

Life insurance protects a policyholder’s loved ones when they pass away. But life insurance may also come in handy during the policyholder’s lifetime if they want to apply for a personal loan. Some ...

For organizations with loss-sensitive casualty programs, posting collateral has become an increasingly burdensome and expensive requirement due to volatile economic conditions. “Over the past few ...

Transport Insurance Management Services, LLC today announced that it acquired the nationally known Walt Cagley Insurance Agency to expand services in the collateral recovery insurance industry. The ...