For Auto Lenders

Advanced solutions for today's auto lending industry

QBE FIRST is proud to offer a comprehensive suite of solutions for auto lenders and their customers.

Collateral protection insurance (CPI)

We provide comprehensive and collision coverage in the event that your customers have no other coverage in force at the time of loss. We keep premium rates low in an effort to reduce your customers’ financial hardship. In addition, coverage can be provided on other collateral in your portfolio, including motorcycles, recreational vehicles and boats.

RepoSource®

Our proprietary insurance recovery program (provided by Mortgage & Auto Solutions, Inc.) is fully integrated with our claims system and your auction lots. This allows us to manage the claims process more quickly and efficiently so there is no delay in selling your vehicles. You can easily access status information on repossessed vehicles 24/7 from a secure online portal.

Insurance tracking

We track and monitor customer adherence to your insurance requirements with our proprietary system. This helps ensure data extraction that historically has been more than 99% accurate. In the event that we do not receive adequate proof of insurance from your customers, our flexible options allow you to customize your insurance follow-up program. 

By initiating reminder notices and calls, we encourage your customers to provide and maintain their own insurance coverage, which keeps the number of uninsured accounts as low as possible.

Guaranteed Asset Protection (GAP)

This protects the unpaid deficiency balance in the event of a “total loss” of the vehicle. We also offer a voluntary insurance program for the term of the loan.