Thank you for your business. You shopped around for that perfect car, now what do you need to do as a new vehicle owner for registration and insurance? The information below will help you answer questions regarding insurance verification, Collateral Protection Insurance, and provides information on registration and title (lien recording).
Insurance verification link https://www.myinsuranceinfo.com/MyInsuranceInfo/
Collateral Protection Insurance (CPI) – As a requirement of the loan agreement, members must maintain insurance protection on property used as collateral on a loan. AAFCU will automatically purchase collateral protection insurance (CPI) when a borrower’s vehicle insurance lapses. The cost of the collateral protection insurance is added to the borrower’s loan balance as stipulated in the security agreement.