Collateral Protection Insurance
The Southern Pioneer Property & Casualty Insurance Company Collateral Protection Program is designed to protect banks from losses due to damaged, uninsured collateral.
We assume the responsibility of monitoring and verifying insurance coverage on your collateralized loans with our automated insurance tracking program. This program will fill gaps in coverage if the borrower’s insurance expires or is cancelled, and protects your uninsured customer from having to repay a loan if the collateral has been damaged or destroyed.
Our highly trained customer service representatives in our Collateral Protect Insurance Service Center will assist your customers with all insurance related issues.
This product is currently available in the state of Arkansas.