Most credit agreement requires consumers to maintain a credit insurance plan during the term of the loan or credit agreement that will pay the outstanding amount on the loan or credit facility in the event of retrenchment, death, dread decease, permanent or temporary disability short time or compulsory unclaimed leave. Even though this cover is included in most cases as part the copy of the credit agreement, most consumers are not aware of this benefits. They don’t claim many of the benefit that are due to them when tragedy struck as they fail to make a claim timeously. Every person with a credit account or a loan should make a carefully perusal of their credit agreement especially the credit cover and find out exactly what they are covered for. It could help them eliminate some debts if an unfortunate event happens.