Credit insurance comes in several forms. In some cases, people have policies to ensure that they make mortgage payments on time. Many bank card issuers also provide coverage to make minimum payments in case the card holder is injured or unemployed. Finally, some banks have a sort of credit insurance. While it is not typically a policy, it is a provision in the terms of the account agreement to protect people in the event of unauthorized use of the account. A common circumstance for this is identity theft. All of these products and benefits help people avoid damage to their financial scores and losses of assets.

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