What Is Collateral Protection Insurance? (2024)
Lenders take out collateral protection insurance when a borrower can’t meet the required auto insurance on their financed vehicle.
6+ years writing about insurance, travel, and personal finances
Contributor to brands like Credible
In addition to insurance, Nick specializes in writing about business, entrepreneurship, personal finance, and travel. He’s been featured in myriad web publications, including Fox Business.
Licensed auto and home insurance agent
3+ years experience in insurance and personal finance editing
Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.
Updated February 9, 2024 at 11:00 AM PST
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