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Since Indemnity basically means - protection against future loss, credit insurance indemnity is almost like saying credit insurance insurance or credit indemnity indemnity. The meaning of the term "credit insurance" would depend on the type of credit insurance you are talking about.
Business Credit Insurance indemnifies a business against excessive losses due to their customers inability to pay for goods and/or services purchased on credit terms (this would be purchased by the business and losses are payable to the business).
Consumer Credit Insurance indemnifies against a consumer's inability to repay a loan or other obligation due to illness or death (this would be purchased by the consumer and losses are paid to the lender).
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What is indeminity insurance?
The misspelling of Indemnity Insurance?
What movies plot revolves around an insurance adjuster assigned to a wealthy high risk client?
fletch not much information might be double indeminity
Why is credit considered when buying car insurance?
Insurance companies have proven that those people who have a lower credit rating also have a high amount of claims. This is statistical information and in no way is meant to state that everyone who has a low credit score will have claims.
What is double indeminity?
Double indemnity means paying twice the benefit. For example, a life insurance policy that will pay twice the death benefit for death by injury (rather than disease).
What has the author Arthur Levi written?
Arthur Levi has written: 'Credit insurance' -- subject(s): Credit Insurance, Insurance, Credit
What is business credit insurance?
Business credit insurance is a type of insurance that is purchased by businesses selling to other businesses of open credit terms. Business credit insurance guarantees against their business having excessive losses due to their customers inability to pay for goods or services purchased on credit. It is sometimes calledaccounts receivable insurance or trade credit insurance. This should not be confused with consumer credit insurance (e.g. credit life) which is purchased by consumers.
Where would one get commercial credit insurance?
Commercial credit insurance is often purchased by companies to ensure payment of credit which a company has credit with. There are many insurance companies who specialize in credit insurance. Some include Allianz and Atradius. The best way to obtain and use trade credit insurance is through a specialized broker.
What is the most commonly purchased type of credit insurance?
credit life insurance
What is subrogation and contribution as a corollaries of the principle of indeminity?
pls supply answer to this questio
What is covered by a trade credit insurance policy?
Trade Credit Insurance is a type of insurance which is offered to businesses. The insurance policy covers accounts receivable, guards against bankruptcy, and protects the business against credit risks.
Where can one buy business credit insurance?
One can buy business credit insurance from a number of companies. TD Insurance, Coface UK, and Hiscox all offer business credit insurance where one can apply online.
What is indeminity letter?
A letter of indemnity is written by a bank / insurance company (in general: a third party), which is written on behalf of A (the first party) to cover B (the second party) against damages or specific loss arising out of an action of A.
