An installment insurance also called credit insurance, can in case of accident, illness, unemployment through no fault of their own or disability their credit installments - because in life, many things can happen.
If you become unemployed through no fault of your own or are completely unable to work due to illness or accident, you could find yourself in payment difficulties.
The banks offer you optional and for a fee comprehensive insurance cover for your CREDIT. In the event of incapacity for work or unemployment through no fault of your own, your instalments will be taken over by the insurance partners. In the event of the borrower's death, the banks waive the right to claim the remaining debt outstanding at that time.
However, you should carefully read through the AVB. Because in most insurances very many possibilities are excluded. Such as for example:
If you become disabled due to an accident with your bicycle, you will not receive any benefits. To get a benefit is often very rocky and long, because most insurance companies exclude very many possibilities.
- It is particularly important to pay attention to cart time, exclusions and service descriptions.
- If you decide to take out insurance, you should inform yourself well beforehand.
- Credit insurance is voluntary.
- The banks profit twice and there are sometimes significant price differences.
We would be happy to help you with this important decision and are at your disposal with our independent advice.
The following points should be noted:
- The age of entry is often between 20 - 60 years old
- There must be no knowledge of a pre-existing disease
- No absence from work of more than 20 days due to illness/accident and no hospital stay of more than 10 days in the past 12 months.
- No knowledge of impending dismissal
- Permanent employment relationship for at least 6 months
- Main residence in Switzerland
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