CREDIT RISK COVER
For Asset & Agri Finance Funders
Covering Short, Medium & Long Term Financing
PROTECT YOUR INCOME STREAMS
AFI IS THE ONLY ASSET & AGRI FINANCE CREDIT INSURER IN SOUTH AFRICA, PROVIDING COVER TO
FINANCE PROVIDERS FOR FULL TERM COVER IN A COMPREHENSIVE, FLEXIBLE AND AFFORDABLE MODEL
AFI OFFER COVER ON A SINGLE DEBTOR OR FULL BOOK BASIS
FINANCE PROVIDERS FOR FULL TERM COVER IN A COMPREHENSIVE, FLEXIBLE AND AFFORDABLE MODEL
AFI OFFER COVER ON A SINGLE DEBTOR OR FULL BOOK BASIS
WHAT IS THE DIFFERENCE BETWEEN ALL RISK INSURANCE & AFI INSURANCE?
- It is a standard requirement of the purchaser that all equipment funded has All Risk Cover for the full finance term to cover material losses
- Asset Finance Insurance pays out in case of debtor default during the full contract period, up to 60 months
WHO NEEDS THIS INSURANCE COVER?
FINANCIAL INSTITUTIONS
Banks and other specialist asset and Agri funders
ASSET FINANCE BROKERS
Independent brokers who operate a hybrid model utilizing their own funds or discounting the deals across to a financial institution
SUPPLIER PROVIDERS
Manufacturers and distributors of assets and equipment
ASSET FINANCE INSURANCE WILL
- Protect your income streams against customer default for the full term of a master rental agreement / lease
- Free up your reserves and enable you to generate more funding
- Guarantee your business continuity in the event of customer default
- Improve your book’s credit rating to achieve better pricing