It belongs to the bank insurance department and belongs to the credit guarantee type. After applying for a loan from a bank and meeting the conditions of bank lending, you need to ask a property insurance company to handle such insurance and mortgage it to the bank according to the policy. Banks will only lend money if they are guaranteed by property insurance companies. If there is recovery, the bank will also recover the insured amount from the insurance company, and then the insurance company will recover the debtor's assets through legal channels.

Simply put, banks transfer risks to property insurance companies to avoid credit losses.

If the customer has taken out insurance, you can put all the assets, income ability, bad records and loan repayment ability on credit. If the risk is small and meets the requirements, accept insurance. There are also some details about how relaxed companies are.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.