Upon entry into the lease agreement, the Lessee can enter into an agreement on a payment of the fee related to the insurance of the lease payment and use the insurance cover offered by If Kindlustus.
Lease payment insurance helps if:
• you lose the capacity for work as a result of an accident or illness;
• you lose your job;
• you have been temporarily away from work due to your own or your child’s illness.
In the event of the Lessee’s death, insurance will pay the lease balance to the Lessor so that the obligation will not transfer to the heirs.
Read the.information leaflet and insurance terms and conditions.
• What should I do in the case of an insured event?
The claim must be submitted as soon as possible on the If Kindlustus website. You must enter ‘Coop Liising’ in the policy number field.
You will be contacted and instructed on what to do next.
• Example of expenses related to lease payment insurance
Lease payment insurance means an additional monthly expense. Example: vehicle cost €15,000, contract period 60 months, initial deposit 10%, residual value 30%, interest rate 3.7% per year. Monthly lease payment €180.95, monthly lease payment insurance fee €11.93.