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What is short term insurance and how would it affect your credit?
Wiki User
∙ 12y ago
Short term car insurance for UK drivers from the AA. Get temporary cover for additional drivers of your vehicle without putting the no-claims discount.
Wiki User
∙ 12y ago
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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 meant by credit insurance indeminity?
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).
When would short term insurance be appropriate?
Well, for short term insurance, it would be appropriate if for some reason you just left your full time insurance and you are looking for another full time insurance and you take a short term insurance for a time.
How would bankruptcy affect a license to sell insurance?
Bankruptcy would not affect your license to sell insurance in any way. It does not affect your ability to continue to make money.
Will a bankruptcy affect your auto insurance rates?
I don't actually work for an insurance company, but I do know that credit can affect your rates (bad credit = worse rates). Insurance, after all, bases its life on risk: the riskier they think you are as a client, the higher your rates. Credit is the same way, so it only makes sense that a bankruptcy would increase your auto insurance rates. Yes, bankruptcy will affect your insurance rates. I have Erie insurance and my rates did go up quite a bit. My home insurance more than my auto insurance. I had only filed one claim on my home insurance in 27 years and never late in payment and yet my rated jumped almost $200. I was told this was because of the bankruptcy. I recommend you this site where you can compare quotes from different companies: insureinfo.us
If your brother authorizes you on a credit card would your poor credit score affect him?
no
What kind of insurance would cover a mortgage in the event of a spousal death?
Credit life insurance, Mortgage insurance, or decreasing term insurance.
If you were to negotiate a lower interest rate on your credit cards would that affect your credit?
it can be possible because it depends on your credit.
If you have bad credit will it affect the credit score of your spouse?
Your credit standing alone won't affect your spouse's credit. The only way your spouse's credit would be affected along with yours is if you jointly hold accounts and then fail to pay them.
Why would one purchase credit card protection?
Credit card protection is a form of insurance which an individual can take out with an insurance company. If the individual becomes unable to pay off their credit card debt due to illness or redundancy for example, the insurance will cover the debt.
Would the type of house I live in affect my insurance rates?
Yes. The type of house you live in, along with your income, will affect your insurance rates tremendously.
Will repeated declined transactions on a credit card affect your credit rating or affect how a bank views you as a loan candidate?
Declined transactions on a credit card would seem to indicate that you have exceeded your credit limit. Exceeding your credit limit will reduce your credit score. This means that a bank would take a very close look when you apply for more credit.
