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.