Which type of credit insurance repays your debt in the event of a loss of income due to illness or injury?
A)Credit life insurance
B)Credit accident and health insurance
C)Credit property insurance
D)Credit casualty insurance
E)Credit inability insurance

Question

Quizplus · Accepted Answer

Credit accident and health insurance is specifically designed to repay debt in the event of loss of income due to illness or injury. Credit life insurance, on the other hand, repays debt in the event of the borrower's death. Credit property insurance protects against damage or loss of the collateral property, while credit casualty insurance typically covers losses due to theft or accidents. Credit inability insurance is not a commonly used term in credit insurance.

Which Type of Credit Insurance Repays Your Debt in the Event