Type of Coverage. We have obtained the collateral protection insurance from Ohio Indemnity Company. The Creditor Placed Insurance is single-interest insurance and covers solely the interest of the Creditor. The Creditor Placed Insurance policy provides the Creditor with monetary protection against loss of or damage to the collateral. The Creditor’s interest in the collateral is insured for losses due to any external source, for example, TEXAS NOTICE OF PLACEMENT OF COLLATERAL PROTECTION INSURANCE 09/2012 PAGE 1 OF 2
Appears in 2 contracts
Sources: Addendum to Retail Installment Contract and Security Agreement, Addendum to Retail Installment Contract and Security Agreement