Collateral Protection Insurance
What Is CPI?
CPI stands for Collateral Protection Insurance. This would be added to your loan if you have not provided sufficient proof of insurance. The premium for CPI protects our interest in the collateral only. If you can provide proof of insurance for the duration of your loan CPI can be refunded.
Contact us at 800.822.0382 for assistance with proof of insurance requirements and/or CPI refunds.