In case of a debtor’s invoice being overdue by more than 45 days, Advanon will register the claim with the insurance provider. If all conditions defined by the insurance provider are met, a part of your financed amount will be covered by the insurance company.
Advanon is the policy holder and main contact for the insurance provider. In order to submit a claim, Advanon will ask you to sign a cession assigning the invoice to Advanon and thereafter to the insurance provider. If you fail to do so, your part of the invoice will not be covered by the debtor insurance.