What Is Collateral Protection Insurance
Collateral Protection Insurance It makes sense that the industrys best insurance tracking company would offer the best Collateral Protection Insurance CPI. What is Collateral Protection Insurance CPI. Cpi Definition Collateral Protection Insurance Abbreviation Finder Feel free to follow these links. What is collateral protection insurance . It secures the lenders investment especially if the vehicle is totaled. If they are not able to provide evidence of insurance within seven days of signing the loan you can enforce the CPI addendum for your protection. Collateral protection insurance CPI is a type of car insurance imposed by lenders. Simply put collateral protection insurance is coverage enacted by the auto lender to protect the vehicle if the borrower doesnt have sufficient coverage on the vehicle. It protects the lenders. Collateral protection insurance is used by lienholders to protect themselves against financial loss. Normally when a borrower gets into a ca...