Specialized Loan Protection for Finance Companies and Specialty Lenders
As the industry leader, State National continues to bring you outstanding options like Add1 Total Protection, Collateral Protection (CPI), Monthly Auto Protection (MAP) and Claim Advocacy & Recovery Services (CARS). These programs make it easier than ever for finance companies to get the right portfolio protection for their specific needs. And they’re all backed by the exceptional service and advanced systems that our customers have counted on for years.
Add1 Total Protection — protection from total losses with less risk of default.
An industry first offering a new level of flexibility, Add1 is an affordable, easy-to-administer program for protection against total losses. You place just one policy, collect from your customers and pay us monthly, which smooths cash flow. By covering only total losses, you keep premiums low and minimize the risk profile impact of your borrowers, helping to reduce delinquencies. The program requires no changes to a servicing system while providing complete insurance tracking, reporting and customer service. Add1 also was carefully designed to benefit securitized loans — with premiums assessed outside of the trust, but all claims paid benefitting the trust. Contact us to learn more.
Compliance that puts you at ease.
It’s important to you, so it’s important to us. We guarantee that each program, from Add1 to comprehensive collateral protection insurance, is backed by meticulous record keeping that makes sure you stay compliant — and can easily demonstrate it at any time.
Simple to implement, simple to use.
- Get set up in as little as six weeks.
- Use InsurTrak, our easy-to-use online system, to make the entire process run quickly and smoothly.
A full range of options to fit your needs.
Contact us to learn more about:
Collateral Protection Insurance (CPI). Our solution is built on advanced technology and customer support that minimize the impact on your borrowers and your staff like no other provider. With over 40 years of experience, innovation and commitment, State National is the proven leader in CPI. Today, you can turn to us for the industry’s broadest protection for your auto portfolio’s bottom line.
Monthly Auto Protection (MAP). Unlike many other monthly payment plans, MAP brings you cost-effective protection without sacrificing the coverages you need and the service you want, including State National’s proprietary online tracking and management tools.
Claims Advocacy & Recovery Services (CARS). Boost your bottom line by mitigating portfolio losses associated with remarketing. It’s a smart way to reduce internal expenses and free up more time. And it’s provided at a reasonable cost in connection with any of State National’s programs.