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Uncertainty in safety-critical cyber-physical systems can be modeled using a finite number of parameters or parameterized input signals. Given a system specification in Signal Temporal Logic (STL), we would like to verify that for all (infinite) values of the model parameters/input signals, the system satisfies its specification. Unfortunately, this problem is undecidable in general.Statistical model checking(SMC) offers a solution by providing guarantees on the correctness of CPS models by statistically reasoning on model simulations. We propose a new approach for statistical verification of CPS models for user-provided distribution on the model parameters. Our technique uses model simulations to learnsurrogate models, and usesconformal inferenceto provide probabilistic guarantees on the satisfaction of a given STL property. Additionally, we can provide prediction intervals containing the quantitative satisfaction values of the given STL property for any user-specified confidence level. We compare this prediction interval with the interval we get using risk estimation procedures. We also propose a refinement procedure based on Gaussian Process (GP)-based surrogate models for obtaining fine-grained probabilistic guarantees over sub-regions in the parameter space. This in turn enables the CPS designer to choose assured validity domains in the parameter space for safety-critical applications. Finally, we demonstrate the efficacy of our technique on several CPS models.