answersLogoWhite

0


Best Answer

credit life insurance

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the most commonly purchased type of credit insurance?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Is Commercial Credit Insurance casualty insurance?

Credit insurance is a type of life insurance policy purchased by a borrower that pays off one or more existing debts in the event of a death, disability, or in rare cases, unemployment. Credit insurance is marketed most often as a credit card feature, with the monthly cost charging a low percentage of the card's unpaid balance.


Where can one get car insurance if one has bad credit?

Bad credit will generally mean that car insurance cannot be purchased on a monthly pament plan. Although some firms will give this option they will charge higher fees. Most firms will still sell you insurance.


What are ID printers most commonly used for?

ID printers are most commonly used to print identification cards. These include drivers licenses, health cards, credit cards and social insurance number cards.


What are the most common types of insurance firms take out?

Firm as in lawfirm or just any business?Here are commonly purchased business insurance policies:General liabilityWorkers CompensationPropretyUmbrellaCommercial AutoBondingProfessional LiabilityEPLICrimeD&O


How much liability insurance do physicians need?

Professional liability limits vary from physician to physician, but $1M/$3M is the most commonly offered and purchased policy.


What is most purchased item on credit card?

Gasoline


What vegetables are most commonly purchased in dry form?

Potatoes


What is the most commonly purchased ATV?

Kawaski is one of the most commonly purchased brand of ATV. It can be used for sport or land usage. Another popular brand is the Polaris Ranger for sporting.


Is car insurance higher if you have a low credit score?

Most often yes, but some insurance companies do not consider credit when issuing a rate. Ask your agent or insurance company if they do use credit scores and why.


What is the most commonly purchased compact appliance?

The most commonly purchased compact appliance is a refrigerator. Almost all homes have a refrigerator to keep food fresh and drinks cool in hot weather.


What is credit risk insurance?

While I have rarely heard it called "credit risk insurance", that is an accurate descriptive name for what is normally called "business credit insurance" or just credit insurance. The term "business credit insurance" differentiates it from consumer credit insurance (credit life, credit health, etc).So, what is it?Business credit insurance is a type of property and casualty insurance that is purchased by businesses that sell to other businesses on open credit terms. The insurance protects the business's accounts receivable (often the business's largest and most vulnerable asset). The insurance guarantees against excessive bad debt losses.Businesses purchase business credit insurance for many reasons.The most obvious reason is to protect that large, vulnerable business asset. You insured every step of the cycle to get to the point where your finished product has been delivered to someone else (out of your control). All of the work you have done: from finding the prospect, selling the product, making the product, storing the product, to shipping the product has been invested and you want to assure that you get paid for it all.There are several other reasons businesses purchase business credit insurance e.g. they are able to safely increase their sales; they sometimes use the insurance in combination with accounts receivable financing to protect & improve their cash flow; they use the insurance company as a third party credit clearing house (guaranteed), and probably other reasons.


Where can yacht insurance be purchased?

Boat insurance can be purchased from many different companies including Progressive, Markel Marine, and State Farm. These are only a few, but are the most common.