Vehicle insurance in pledged / leased
The program is aimed at protecting the obligations of the Borrower before the Credit Organization.
Nowadays, the loan provides the opportunity: to solve various kinds of problems, to satisfy current needs or to realize interesting ideas, and sometimes, it even gives an opportunity to fulfill a cherished dream. And for entrepreneurs, the loan provides an opportunity to develop their own business.
By issuing large loans, every Credit Organization wants to ensure their repayment. One of the instruments to ensure the repayment of loans issued is a vehicle pledge of the Borrower. The safety of the integrity of the pledged or leased vehicle is in the interests of both the Borrower and the Credit Organization, but no one can guarantee it to you.
Vehicle insurance helps you not to worry about your own car, no matter what happens - hitting stones, RTA, collisions with animals, fire, spontaneous combustion, natural disasters, explosion, various illegal actions of third parties (carjacking, theft, damage to the property).
The Insurance organization «BIMA» offers the Program of insurance of the pledged or leased vehicle. This program helps to reduce the risk of losing money in the event of partial damage or complete destruction (loss) of this vehicle.
The main idea of the program is as follows:
If the insured vehicle is damaged or lost, then the insurance organization makes insurance payment to the Credit Organization, which then, together with the Borrower, can decide what the insurance payment will be spent on: to repay the loan or to restore the damaged vehicle. This allows the Borrower, to shift the burden of responsibility onto the shoulders of the Insurance organization in the event of unforeseen situations, avoid fines and penalties on the overdue loan, not burden their relatives and friends financially, and get the opportunity to restore the damaged property.