Financial Risks
Who is it designed for
For legal entities, leasing vehicles, machinery, equipment, production equipment, agricultural machinery etc.
Insurance cover
This insurance shall cover the financial risk of income loss, resulting from non-payment of the leasing installments upon concluded leasing contracts between the insured lessor and the leaseholder – a private individual or a legal entity.
Territorial scope
This insurance is valid for leasing contracts, concluded on the territory of the Republic of Bulgaria as so far as the leased property, which is subject of these contracts, is on the territory of the country.
Sum insured
The sum insured shall be set on the basis of the leasing price of the property, reduced by the deposit payment that the leaseholder pays by conclusion of the leasing contract.
Insurance premium
The insurance premium shall be calculated on the basis of the price and the type of the leased property, the leasing period, the type of the security, provided in the leasing contract, and the development of the risk.
Conclusion and term of the insurance
The conclusion of the insurance shall be preceded by a concordance of the leasing contracts together with the leasing schedule and the other documents (enclosures, declarations, data of the leaseholders etc.) with the Insurer. Depending on the type of the leased property, additional insurance with HDI Zastrahovane AD may be required, such as Motor Own Damage (Casco), Property insurance etc.
When is the insurance indemnity paid
The insurance indemnity shall be paid, when after receiving a claim in writing, the grounds and the size of the damage caused to the Insurant are proven.
