What Coverage Does CIPF Provide?

When you open a customer account at a CIPF Member you may be eligible for up to $1 million of coverage if you suffer a financial loss because the Member cannot return the property in your account to you. Such financial loss must be caused by the insolvency of the Member.

To have a financial loss eligible for CIPF coverage all of the following must be true:

  • You are a customer of a CIPF Member
  • You have an account with a CIPF Member
  • The CIPF Member is insolvent
  • There are assets in your customer account that have not been returned to you by the insolvent CIPF Member

For more information please refer to the CIPF Coverage Policy.

Gerald