This force-placed insurance covers the collateral of a loan at a lending institution, usually an automobile. This insurance does not protect motorists and therefore, does not meet California’s legal requirements for motorists.

You can avoid the need for Collateral Protection being placed on your loan by providing RCU with a copy of your insurance coverage information for your home, auto, motorcycle, RV, trailer or boat.

Please take a moment to provide us with your policy declarations page. As a reminder, our loan agreement requires that your collateral is continuously insured against physical damage losses during the entire term of your loan. You can provide your insurance by mail, fax, or Internet. Please note we are unable to accept an insurance ID card as it does not contain all the required information. To help us process your insurance in a timely manner please refer to the following primary insurance requirements:

• Continuous insurance coverage with no lapses
• Lender named as lien holder or loss payee
• Comprehensive and collision coverage (or physical damage) with deductibles not greater than $1,000.
• No excluded drivers

If we do not receive acceptable proof of the required insurance, it may become necessary to protect our interest by purchasing a Collateral Protection Insurance (CPI) certificate at your expense. Please be aware that CPI is not a substitute for standard insurance and generally carries higher premiums than insurance you can purchase on your own. CPI is designed to protect only our interest in your collateral for claims filed by us as the creditor for physical damage or loss caused by covered collision and comprehensive casualties, and therefore may not pay for claims you make. Even more importantly, it does not provide any liability coverage for claims made against you and does not satisfy any mandatory liability insurance or financial responsibility laws of this or any other state. For these reasons we encourage you to provide your own insurance.

Please verify that we received a copy of your insurance policy by calling 1 (866) 877-3373 (for vehicle loans and second mortgages/home equity loans) or 1 (866) 669-8615 (for first mortgages).