If I want to sell small items valued at 100 dollars or less, would insurance companies pay me if the
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If the loans go bad, can I get my money from an insurance company? Like does a policy exist for cases like this? Even if the premium for $100 is ten dollars I could tack that into my costs. Has anyone have any experience in something like this? I am hoping to finance many items possibly 500 items this way so there would alot of insurance premiums to be paid to the insurance company to make it worthwhile for them.
If I want to sell small items valued at 100 dollars or less, would insurance companies pay me if the loans go?What loans? Is your business selling, or financing?
And likely, for very small amounts, assuming you're not "prequalifying" the people borrowing money off of you, no, they won't insure this. They can't get enough premium to make a profit at it.
If someone can't afford to buy something for $100, they SURE as heck aren't going to pay the loan off.
If I want to sell small items valued at 100 dollars or less, would insurance companies pay me if the loans go?I'm sorry but more information is needed here. What "loans" are you talking about? Are you going to somehow finance these items you are selling? Generally speaking, there is not insurance that would guaranty that someone is going to pay you. The company financing the purchaser of the product would be the one guarantying payment to the seller. In this case, if I am understanding correctly, you are the finance company AND the seller, so you are guarantying payment to yourself.
Please respond with some more information and then we can respond a little more intelligently.
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