What is Collateral Protection Insurance?
![What is Collateral Protection Insurance?](https://verisurance.com/wp-content/uploads/2019/09/shutterstock_221542726-1030x687.jpg)
Collateral Protection Insurance (CPI) is insurance used by lienholders to protect themselves from financial loss. CPI is also known as force-placed insurance because this type of insurance is not sold to a customer, however, it can be placed on a vehicle when the borrower does not have physical damage (comprehensive and collision) coverage.