Collateral Protection Insurance (CPI)
A smart option for loan coverage - easy, affordable, and hassle-free.
What is CPI?
Collateral Protection Insurance (CPI) helps meet the insurance requirements of your auto loan. It protects Valley Car Credit's interest in the vehicle in case of damage or loss.
Coverage Details
What's Covered
- Repairs or Loan Payoff if you're at fault in an accident
- Maximum Payout: Book value of vehicle at time of loss
- Deductible: Only $200
What's Not Covered
- Liability Insurance (still required by Virginia law)
- Towing, rental cars, or glass damage
- Cash payouts beyond the loan balance
- Any value above book value
Benefits of CPI Through Valley Car Credit
No Down Payment
Get coverage without a large upfront cost
Easy, Automatic Billing
Convenient monthly payments with no hassle
Often Lower Cost
Typically less expensive than traditional insurance
No SR22 Required
No driving record check needed
Fewer Compliance Issues
Avoid insurance compliance problems
Direct Claims Service
Claims handled directly by Valley Car Credit
Things to Know
⚠️ Important Reminders
- CPI is not full insurance - you still need liability coverage
- You won't receive money directly from CPI - it pays off repairs or the loan
- Payouts are limited to the book value or loan balance, whichever is less
Is CPI Right for You?
CPI may be a good fit if you:
Struggle to get or afford traditional insurance
Need immediate coverage without a large upfront payment
Want to avoid SR22 or driving record complications
Request Your CPI Quote
Get a personalized quote for Collateral Protection Insurance. Fill out the form below and we'll contact you with pricing and next steps.
Cancellation Policy
CPI can be canceled any time as long as the monthly premium is paid in full. Contact us at 540-213-0202 for cancellation requests.
Have Questions About CPI?
Our team is here to help you understand your options and find the right coverage for your needs. Contact us today for personalized assistance.