Credit insurance repays part or all of a loan when the borrower is insolvent.
Mortgage insurance covers the lender against default by the borrower. Mortgage insurance is a form of credit insurance although the latter term is more often used to refer to policies that cover other kinds of debt.
Many credit cards offer payment protection plans which are also a type of credit insurance.
Trade credit insurance is a type of business insurance over the accounts receivable of the insured. The insurance policy will pay the policyholder for covered accounts receivable in the event that the debtor defaults on payment.
Collateral protection insurance covers properties that are held as collateral for loans made by lending institutions.