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Are you spending more than you should on insurance? Denver Community's Trustage Insurance includes many insurance options that could save you money. Request a free quote to discover the right kind of coverage for your needs.
Denver Community Credit Union requires all vehicles financed to carry auto insurance coverage with a $500 deductible or less where Denver Community Credit Union is named as the lienholder. Insurance coverage is routinely checked. If it is indicated that your insurance has lapsed or your coverage has dropped from the acceptable level, the credit union has the right to place Collateral Protection Insurance (CPI) on your vehicle. This charge is added to your loan balance.
Why Denver Community Uses CPI
Insurance coverage protecting against physical damage is required because it protects the credit union's interest in your vehicle. Your signed loan documents give Denver Community Credit Union the right to force-place CPI on your vehicle when coverage has lapsed. To avoid CPI, it is important to inform your insurance provider to name Denver Community Credit Union as the "Loss Payee/Lienholder" on your policy.
To update your insurance status and coverage online, click the link below.
If you would like to mail, email or fax your proof of insurance:
PO Box 692130
San Antonio, TX 78269-21
EMAIL: [email protected]
Finding Your Own Insurance
Collateral Protection Insurance is not a substitute for finding your own auto insurance. It is often much more expensive than auto insurance you would find from typical providers. If you are in need of insurance, or would like to shop around for a better deal, check out Trustage Insurance, to get a free quote.
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