CPI (Collateral Protection Insurance) provides our borrowers with coverage against physical damage to their vehicle. As soon as the first CPI payment has been made, the borrower’s vehicle is covered against accident damage, theft, and acts of nature. CPI does not cover vehicle maintenance and normal wear and tear A borrower may switch to CPI at any time during the loan term by calling (800) 619-3986 and ask for the price to be paid and is always free at any time by providing valid comprehensive and collision insurance.
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