What is force-placed insurance?
Frequently Asked Question
If your insurance is cancelled, lapses, or isn’t sufficient to cover your loan(s), Citadel is required to purchase adequate insurance on your behalf. This type of insurance is usually more expensive than a policy that you buy yourself and provides less coverage. If you change insurance providers please notify us immediately to avoid having Force Placed insurance added to your loan. Citadel will force-place insurance on the vehicle. To enter your insurance information, you can visit www.myloaninsurance.com.