Collateral Protection Insurance: Tracking insurance and what it costs
At the beginning of the COVID era, in my article, “Collateral Protection Insurance: How to tell if it’s worth it”, I mentioned the marginal cost of tracking insurance for ...
The latest from Mike Gallagher
Earned premium, earned fast in a collateral protection insurance program
Collateral Protection Insurance (CPI) vendors look to earn the most premium permissible, and hopefully for them, as fast as possible. I made that statement in my last article ‘What would ...
What would Milton Friedman say about collateral protection insurance?
As I mentioned at the end of my last article, I’m going to discuss the unique economics of a collateral protection insurance (CPI) program, including who pays and who ...
Collateral Protection Insurance: How to tell if it’s worth it
As I have said in past articles, when it comes to dealing with borrowers who can’t or won’t comply with the terms of their auto loan agreement, collateral ...
Letting your collateral protection insurance program work
Your auto portfolio is key to your credit union, and you watch its performance carefully. You underwrite prudently and put measures in place, such as collateral protection insurance (CPI), to ...
Collateral Protection Insurance: Delivering what your members need
“Have it your way” is a fine approach to selling hamburgers, but not for providing auto loans. It’s true that you need to deliver members the fast, fair, and ...