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Checking customer’s credit limit. Follow up overdue invoices.
Credit Cover is a Consumer Credit Insurance policy designed to assist you to meet your credit card repayments in the event of disability or involuntary unemployment
credit insurance mostly deals with trading businesses, depending on the terms of the policy. claims and recoveries are to follow.
When the goods/service is sold on credit the company usually reports it to the insurance company to claim it if the payer default the payment. Thus, in simple the credit insurance means insuring on the credit sale of goods/service.
