AUTOMOTIVE FINANCE

Verify Auto Insurance Coverage

Canopy Connect enables banks and auto finance companies to know that their borrowers have the right coverage for their vehicles and make updates to vehicles, drivers, and lienholders.
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Powering customer-obsessed companies, fintechs, insurtechs, marketplaces, lenders, insurance carriers and more.
AUTOMOTIVE FINANCE

Watch a 2-Minute Overview

THE PROBLEM

Verifying Auto Insurance is a Bottleneck

Whether auto financing is happening at the dealership, in an office, or online, being able to quickly and easily verify that the vehicle is properly insured is a critical step in signing off on a loan.

Insurance is Required on Auto Loans

Borrowers are required to have comprehensive and collision coverage on their purchased and leased vehicles

Getting Proof is Time Consuming

Borrowers provide proof of insurance in a variety of document types, formats, and large attachments. This makes automated parsing challenging.

Borrowers May Get Cold Feet

If things take too long, borrowers may change their minds on the loan or the purchase altogether.
THE RESULTS

Canopy Connect Increases Efficiency

Traditional Manual Workflow

What you're doing now is a drag.

30 minutes on average

Manual and prone to errors

Only uncovers what the consumer reveals

Canopy Connect Workflow

Speed up, automate it, and integrate it.

30 seconds on average

Automated and easy

Uncovers insurance data with structured data and documents so it can integrate with your systems

See How Efficient Insurance Verification Can Be

Let's explore your use case and implement an insurance verification solution, together.
THE SOLUTION

Canopy Connect is Insurance Infrastructure

We enable users to quickly and securely share their insurance information through integrations with the nation’s top carriers.
Canopy Connect Integrates with more than 300 insurance carriers

Insurance Integrations

250+ insurance carrier integrations covering more than 90% of the market.

Insurance Information Parsing

Imports and structures insurance documents, policy details, contact, information, driver data, claims history, and enriches critical information.
Vendor Integrations from Canopy Connect

Multiple Connectivity Options

Access verified insurance information the way that works for you.
INSURANCE DATA

Broad & Deep Market Coverage

With access to more than 300 of the top insurance carriers in personal and commercial P&C. Canopy Connect has the market covered.
96%
Auto Insurance Market Coverage
91%
Homeowners Insurance Market Coverage
56%
Commercial Insurance Market Coverage
5.6
Seconds to Transfer Policy Data from the Insurance Carrier
INSURANCE DATA

250+ Insurance Data Fields in Seconds

Canopy Connect's API enables you to receive fully-structured P&L personal and commercial insurance data directly from the insurance carriers in seconds.

Auto Policy

Policy #
AUI92837
Policy Start
07/07/2024
Policy End
01/06/2025
Premium
$487.71
Coverage
Limits
Ded.
Premium
Collision
$500
$167.84
Comp
$500
$79.23
BI
$100k - $300k
$104.30
PD
$50k
$116.17
UIM
$15k - $30k
$20.17

Vehicle Information

2018 Chevrolet Camaro (ZL-1)
VIN
1G1FK1R62J0158884
Annual Mileage
10,298
Ownership Type
Finance
Lien Holder
NCM Financial
Vehicle Use
Personal; Commute;

Driver Information

Clark Joseph Kent
License Number
012456987
License State
New York
Date of Birth
07/03/1987
Age
37
Gender
Male
Marital Status
Single
Education Level
Bachelors
Occupation
Reporter

Claims History - Auto

Auto Policy: #AU192837
Date
Type
Payout
05/22/2022
Accident
$3,832
03/25/2019
Windshield
N/A
01/02/2018
Theft
$18,291

Commercial Auto Policy

Policy #
CA4892274
Policy Start
07/07/2024
Policy End
01/06/2025
Premium
$5,5948
Coverage
Limits
Ded.
Premium
Collision
$500
$1,928
Comp
$500
$964
BI
$500k - $1M
$1,116
PD
$50k
$1,317
UIM
$30k - $60k
$269

Supercharge Your Insurance Verification

Stop manual insurance verifications and start building it into your process.
PROTECTION

Trusted and Secure

Canopy Connect is building the infrastructure that powers best-in-class insurance experiences. Deliver delightful, intelligent and frictionless insurance services, trusted by leading insurance innovators.
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Rigorous Security Standards

We are SOC II Type 2 Certified, following strict information security policies and procedures.
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Compliance Monitoring

Our infrastructure is continuously monitored for security and compliance.
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End-to-end Encryption

We keep your data encrypted every step of the way. We use 256-bit AES encryption at rest and TLS 1.3+ in transit.

Contact us

Schedule a consultation with a Canopy Connect expert to see how we can apply our insurance verification API for your business.