Business Details
49 Years
experience
Your Trusted Partner for Insurance Solutions
CP Insurance Associates (CPIA) is a service-oriented insurance agency specializing in lender-placed insurance and comprehensive services for financial institutions. Founded in 1977, we have over 45 years of experience safeguarding assets through tailored insurance solutions, including collateral protection, investor property programs, and professional insurance products. Our team combines deep industry expertise with advanced technology to deliver operational efficiency and exceptional service.We serve banks, credit unions, lenders, property investors, and BHPH dealers, prioritizing compliance, digital innovation, and risk management. With a tenured staff averaging over 20 years of experience, we partner with top A+ rated carriers to provide customized coverage and tracking services. Our commitment to U.S.-based operations, regulatory compliance, and client-centric solutions has established us as a trusted leader in the industry.
Services
Lender Placed Insurance
Investor Property Program
Insurance Tracking Services
Financial Institution Coverage
BHPH Dealer Program
Flood Insurance Tracking
Escrow Services
Claims Processing
Cyber Security Insurance
Property Tax Tracking
Details
- Year established: 1977
Highlights and features
- 50+ years of experience in lender-placed insurance.
- Industry-leading technology for tracking and compliance.
- Tenured staff with 20+ years of average experience.
- Partnered with A+ rated insurance carriers.
- 100% U.S.-based employees for direct support.
Associations and certifications
- FTC - Data Security Compliant
What people say
Exceptional service
Reliable coverage
Knowledgeable staff
Efficient claims processing
Tailored solutions
Services
Lender Placed Insurance
Lender-placed insurance safeguards financial institutions' collateral interests in real property when borrowers' coverage lapses. This includes hazard, flood, wind, and business personal property insurance. Paired with tracking services, it ensures compliance and protects against uninsured losses through partnerships with A+ rated carriers.
Investor Property Program
The Investor Property Program offers comprehensive insurance for residential rental portfolios with 5+ properties. It includes all-perils coverage, loss of rents protection, and liability insurance. Flexible payment options and coverage for diverse property types help investors mitigate risks and maintain cash flow stability.
Insurance Tracking Services
Custom tracking services monitor insurance coverage for collateral, ensuring regulatory compliance and preventing lapses. The ALISX platform provides real-time updates, automated notifications, and escrow management, reducing administrative burdens and financial risks for lenders.
Financial Institution Insurance
Professional insurance solutions for banks and credit unions include directors and officers liability, cyber security, and property insurance. These policies address regulatory risks, data breaches, and physical asset protection, tailored to meet the unique needs of financial institutions.
BHPH Dealer Program
The BHPH Dealer Program provides collision and lender-placed auto insurance for financed vehicles. It ensures coverage for borrowers and protects lenders' investments through cost-effective policies and automated tracking systems.
People
Denise Franklin
President
Denise Franklin leads CP Insurance Associates with decades of industry experience, driving strategic growth and client partnerships. Her leadership focuses on innovation and compliance.
Danny Caskey
Chief Operating Officer
Danny Caskey oversees daily operations, ensuring efficiency and service excellence. He brings extensive management expertise to streamline processes and enhance client satisfaction.
Eric Braun
Chief Financial Officer
Eric Braun manages financial strategy and stability, leveraging his deep knowledge of insurance markets to support sustainable growth and fiscal responsibility.
Tammy Ondracek
EVP of Business Development
Tammy Ondracek drives business expansion, building partnerships with financial institutions and investors. Her focus on client needs has strengthened CPIA's market presence.
Rob Michelsen
EVP of Investor Property Program
Rob Michelsen leads the Investor Property Program, offering tailored insurance solutions for rental portfolios. His expertise ensures competitive pricing and comprehensive coverage.
Questions
What is lender-placed insurance?
Lender-placed insurance protects financial institutions' collateral when borrowers' coverage lapses, ensuring compliance and asset protection through hazard, flood, or wind policies.
How does the Investor Property Program work?
The IPP provides bundled insurance for rental portfolios with 5+ properties, offering all-perils coverage, liability protection, and flexible payment options to investors and landlords.
What tracking services do you offer?
We provide automated insurance tracking via ALISX, monitoring coverage for collateral, escrow compliance, and flood insurance to prevent lapses and regulatory risks.
Do you serve financial institutions?
Yes, we offer specialized insurance for banks and credit unions, including cyber security, directors and officers liability, and property insurance tailored to regulatory requirements.
How do you handle claims?
Claims are managed by in-house adjusters who assign local appraisers within 48 hours, with auto claims typically settled in 10 days via check or ACH.
Are your insurance carriers A+ rated?
We partner with top A+ rated carriers to ensure reliable coverage and financial stability for all our insurance products and services.
