Collateral Protection Insurance is added when we have not received full coverage proof of insurance in your name covering the collateral that is securing the loan with Peach State as the lien holder.
Maintaining insurance is a requirement of your loan and is described in your loan agreement. If proof of insurance is not received, you will receive letters from the credit union requesting this information. If you received a letter about this requirement, learn more here.
To remove the premium, the credit union will need your proof of insurance. You can upload the policy here or contact us at 678.889.4328 or toll-free at 855.889.4328.