Vicarious liability has disappeared from the lexicon of our auto finance industry meetings. Yet auto finance contracts have maintained language requiring that the collateral be fully insured to protect the security interest in the vehicle. If you are not verifying the insurance on your assets, are you putting your company’s security at risk?
Insurance tracking can be a customer-centric tool that eliminates risk around your vehicle assets. It also provides you with a tool to identify those assets that may soon need to be picked up for repossession.
CLICK HERE to contact us and find out what insurance tracking does for you and how it helps you maintain your security interests.
