Insurance cover also means protection from loss. The scope of the cover, as the term indicates, refers to the scope of the insurance (protection from loss).
Suspension of cover
If suspension of cover comes into effect, new receivables are excluded from the insurance cover and existing receivables that are not insured cannot come under the insurance cover, even if the credit limit is no longer exhausted. Suspension of cover may come into effect, for example, through the maximum extension period being exceeded or the credit limit being cancelled by the insurer.
Cover of existing receivables
Cover of existing receivables refers to the inclusion under the insurance cover of receivables that arose before the start of the insurance contract.