Credit insurance coverage is available to both individuals and business organizations. This form of insurance coverage provides protection to the individual or company policy holder, in the event they are unable to pay an outstanding debt due to an incident that is covered within the terms of the policy agreement. Common factors invoking the provisions contained within a credit insurance policy include job loss, death of the insured party, or and accident that results in the disabling of the policyholder. Not only is the protection against losses provided by credit insurance beneficial to the debtor, it is also equally beneficial to the lender. Debtor will know that any debts outstanding will be settled, while lenders, rest assured that they will receive payment in full even if the debtor dies.
Chubb Group of Insurance Companies, formed in 1967 and listed on the New York Exchange in 1984, ranks among the top 11 publicity traded insurance organizations based on revenues in the United States. With thousands of employees working throughout North America, Europe, South America and the Pacific, Chubb brings its service to property and casualty customers in 120 countries in 28 countries internationally. Chubb offers more than 170 innovative, comprehensive insurance products, tailored to meet the individual needs of businesses. They offer a wide range of accident and health insurance products and construction and commercial surety bonds. For individual and non organizational customers, Chubb offers an array of property and casualty insurance products to protect the homes and possessions of individuals and families. Chubb offers innovative and scalable property and casualty insurance products supported by specialized expertise to meet the needs of their individual customers. Besides brining great insurance options to the average customer, Chubb’s great reputation is grounded in the fact that their customers extend to include many of the most affluent families in the world, CEOs of Fortune 500 companies and top art collectors.