Car Credit Insurance

When giving a loan by the borrower on the security of the car, insurance is an important component of it. Both the borrower and the financial institution are protected when considering the right car Insurance.

Risks Covered:

  • Fire / Explosion;
  • Hail, earthquake and other natural disasters;
  • A case involving a driver or other third person;
  • Falling of different subjects;
  • Theft, robbery, burglary;
  • Intentional damage / vandalism;
  • Force majeure events.

Product Benefits

If a person has obtained a loan secured by car in the credit organization and came up with an insurance case that caused damage or destruction of a car, the credit organization remains at risk, for which it asks the borrower for the new provision.. Using the insurance, the vehicle is restored or replaced with the same price car.
In case of insurance accidents, the obligation of the borrower is performed by the insurance company. Thus, the credit organization insures the risk of a possible insolvency of the borrower and reduces the volume of problem loans.
As a result of the sale of car insurance attached to auto loan, credit organization has the opportunity to earn extra, non-operational income.

Insurance Process

At the meeting, we will discuss the company's needs for credit product insurance, general conditions, and advantages of the product.

Based on the current condition and future financial plan of an organization, we complete the product application.

According to the study of product demand, we develop the tender document, organize the tender, receive the insurance proposals

and process them.

According to the analysis of insurance proposals, we choose the best offers from the insurance company with you and are working on a

a contract under the agreed terms.

Upon activation of insurance services, we provide instructions for proper service management for an organization and ensure the

monitoring of insurance cases.

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