How much does credit insurance cover?

gabriellenlewis
gabriellenlewis Registered Posts: 129
in AAT Level 4 (Level 8 in Scotland)
I've read 80% and 70%? Or does it depend on the company?

What happens if you're not given a % but asked to state how much insurance will cover and how much provisions should allow for, and then vat?

Comments

  • Yalda20
    Yalda20 Registered Posts: 77
    Hey,
    I think most likely the questions will specify the % for credit insurance. There is not set %, you are right it depends on the company.
    I do not think that a question will be given without a %, there might some other information to help you. If you look at assessment 2 on AAT's website, question 7 (Chefzone), there is no % for the credit insurance but the question says that the policy will cover the production cost.
    I hope this is ok.

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