How much insurance do I need for my auto loan?
Denver Community Credit Union requires all vehicles financed to carry auto insurance coverage with a $1,000 deductible or less where Denver Community Credit Union is named as the lienholder. Insurance coverage is routinely checked. If it is indicated that your insurance has lapsed or your coverage has dropped from the acceptable level, the credit union has the right to place Collateral Protection Insurance (CPI) on your vehicle. This is an added monthly fee that is charged until proof of insurance, loss payable and deductible are provided to the credit union.