The five main types of credit insurance are:
- Credit life insurance—pays your credit card debt in the event of your death
- Credit unemployment insurance—pays off your debt if you unexpectedly lose your job
- Credit disability insurance—pays off your debt if you become disabled
- Credit property insurance—protects the property you have as collateral on a loan, in case the property is stolen or destroyed
- Trade credit insurance (for businesses)—protects businesses from customers who cannot pay their debts