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Collateral Protection Insurance

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Collateral Protection Insurance

In order for us to provide the best possible service, we require proof of insurance on collateral until a loan is paid off. If you fail to provide OE Federal with proof of insurance, we have the right to purchase Collateral Protection Insurance (CPI) on your collateral at your expense.

  • This insurance will not give you liability coverage and will not meet the requirements of a state’s financial responsibility law.
  • The CPI insurance will automatically renew each month until you provide proof of insurance or pay off the loan.
  • The premium and applicable interest on the CPI insurance will be added directly to your loan payment.
  • Need insurance? We have partnered with TruStage Auto and Home Insurance to offer you great benefits and discounts. If you are interested in a quote, please call 888.531.1256.
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