Collateral Protection Insurance

Your loan agreement requires you to provide insurance coverage on the collateral you have financed with Alabama Credit Union.

Perhaps you've renewed your insurance but still received a notice stating that Alabama Credit Union hasn't received proof of your insurance coverage. That sometimes happens when the borrower's/insured names differ, when a vehicle identification number is incorrect, or other technical details don't fit our insurance company's definition of "proof of good insurance." Here's what you need to know about collateral protection.