This refers to the insurance a lender either provides or requires a borrower to acquire in order to cover the loan. In the event that the borrower becomes disabled or passes away before fully paying off the loan, this policy will pay off the borrower’s remaining balance.
Credit insurance
This refers to the insurance a lender either provides or requires a borrower to acquire in order to cover the loan. In the event that the borrower becomes disabled or passes away before fully paying off the loan, this policy will pay off the borrower’s remaining balance.
