Which entity primarily offers credit insurance on larger items like boats and cars?

The primary entity that offers credit insurance on larger items such as boats and cars is typically finance companies. These companies specialize in providing loans and financing options for the purchase of high-value items, and as part of this service, they often offer credit insurance to protect both the lender and the borrower.

Credit insurance covers the outstanding balance on a loan in the event of the borrower's death, disability, or involuntary unemployment, ensuring that payments can continue to be met even if the borrower faces unforeseen circumstances. Finance companies have a vested interest in maintaining the financial health of their borrowers, as this directly impacts their loan repayment.

While credit unions and insurance providers may also offer products related to credit insurance, finance companies are particularly focused on the financing aspect of larger purchases and are thus more likely to provide tailored credit insurance products alongside their loans. Retail stores may also offer financing options for large items, but they generally do not specialize in the same way as finance companies when it comes to comprehensive credit insurance for larger purchases.