COURTS Fiji Limited settled 700 flood claims for customers who were affected by the April flood.
Director of credit Charles Work made the comment yesterday while defending the company from claims and concerns linked to the practice of hire-purchase.
The Consumer Council of Fiji had earlier aired concern, stemming from a report it commissioned, over the payment protection plan which the council claimed was of no benefit to the customer.
Mr Work said the company's payment protection plan covered debt for lost or damaged items — particularly items ruined through fire, flood or natural disaster.
Courts' payment protection plan catered for loss of item in the event that the account holders died or became disabled.
It also covered account holders who were made redundant, retrenched or hospitalised, he said.