Collateral Protection Insurance, or CPI, insures property held as collateral for loans made by lending institutions.

Aug 5, 2025 · Collateral protection insurance — or CPI — is a type of car insurance purchased by your lender to protect your vehicle if you don't have the required amount of insurance coverage.

With a loan portfolio of any size, verifying and tracking insurance can be burdensome. That’s where collateral protection insurance (CPI) can help reduce your financial institution’s portfolio …

Jul 31, 2025 · Collateral protection insurance (CPI) is a lender-chosen safeguard when borrowers lack full coverage car insurance. CPI coverage typically focuses on physical damage. Avoiding …

Mar 20, 2025 · Collateral Protection Insurance (CPI) is a policy that lenders place on a borrower’s vehicle when the borrower fails to maintain the required insurance coverage.

May 20, 2022 · Collateral protection insurance (CPI) is a type of insurance designed to protect auto lenders. If a borrower fails to have an auto insurance policy on the vehicle the loan is …

Dec 1, 2025 · Sometimes referred to as forced car insurance or lender-placed insurance, collateral protection insurance is enacted when an individual who takes out an auto loan fails …

Collateral protection insurance, or CPI, provides a solution by helping mitigate the risk credit unions incur when ofering vehicle loans to borrowers. Because CPI can be helpful during all …

Sep 25, 2024 · Collateral Protection Insurance, or CPI for short, is a type of insurance coverage that lenders purchase to protect themselves against potential losses. CPI is typically used …

What Is Collateral Protection Insurance? Collateral protection insurance (CPI) serves as a safeguard for lenders when borrowers fail to maintain adequate insurance coverage on their …