BHPH Dealer & Equipment Program
Our Buy Here Pay Here (BHPH) Dealer & Equipment program is a game changer for dealers and lien holders.
​
This program ensures that every financed vehicle is protected from unexpected events, providing peace of mind to car owners and safeguarding lender investments.
​
By partnering with us, lenders can revolutionize their insurance process, drive down costs, and provide car buyers with tailored coverage that meets their needs and budgets. It’s a solution that delivers unmatched value to everyone involved in the transaction.
Program Coverage
Auto Collision Insurance
Our program enables dealerships the ability to offer comprehensive and collision insurance coverage to borrowers, typically at a lower cost than alternative insurance options. The lender collects the insurance premium with the monthly loan payment. This ensures that the vehicle has active insurance coverage during the loan repayment period.
Lender Placed Auto Insurance
Lender placed insurance protects the lender’s interest in a secured asset in the event a borrower fails to maintain the required insurance coverage. If the borrower fails to maintain adequate auto insurance, the lender can place an insurance policy to cover the lenders interest in the vehicle. If a loss occurs, the claim payment is made directly to the lender, ensuring full control of the distribution of claim funds.
Auto Insurance Tracking Service
We provide insurance tracking and skip tracing solutions for all your auto loans. CP insurance tracking service provides a fully automated tracking system designed to verify that insurance coverage is both valid and active on the loans in your portfolio. Our software offers real-time updates, allowing you to stay informed and take prompt action when needed.
Medical Equipment Insurance
This program is designed to provide insurance options for any entity that takes a loan or leases specialty equipment. We provide insurance coverage for specialized medical equipment for cosmetic purposes used in a wide range of medical facilities. Policies for physical damage to the equipment, as well as general liability coverage is available.
