Auto risk mitigation

We do all we can to say “yes” and provide you with the expert risk management solutions you deserve.

QBE protects your portfolio with three powerful tools:

Collateral protection insurance (CPI)

We offer comprehensive and collision coverage in the event that your customers do not have adequate coverage at the time of loss. We keep premium rates low in an effort to reduce your customers' financial hardship. In addition, coverage can be provided on other collateral in your portfolio, including motorcycles, recreational vehicles and boats.

Insurance tracking

We track and monitor customer adherence to your insurance requirements with our proprietary system. This helps ensure data extraction that historically has been more than 99% accurate. In the event that we do not receive adequate proof of insurance from your customers, our flexible options allow you to customize your insurance follow-up program.

By initiating reminder notices and calls, we encourage your customers to provide and maintain their own insurance coverage, which keeps the number of uninsured accounts as low as possible.

Guaranteed asset protection (GAP)

This program provides coverage for the difference between the Actual Cash Value and the Outstanding Balance in the event of a "total loss" of a vehicle securing a loan agreement. GAP is typically sold to the borrower as a consumer program at the origination of the loan.  The other option is blanket coverage for all loans in a lender’s portfolio.

 

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