Financial Security Insurance

Victoria Plc offers insurance products that cover the financial losses of trade relations - sale\'s contract (credit of goods), bank credits and guarantees, leasing contract.

Physical or corporate bodies, performing business activity by the above listed deals, can conclude the Insurance.

What is the object of that insurance?

VICTORIA Plc covers the financial risk of the seller (supplier), the bank that gives credits (creditor) or the editor of bank guarantees, the lessor. The losses are: non-payment of the amount due by concluded contracts with physical persons or corporate bodies.

The Insurance cover is about certain or numerous contracts that the Insured concluded for a certain period of time.

NOT COVERED RISKS

Wants or damages of the property as well as missed benefits or expenses concerning its usage.

How to conclude the insurance policy

The client has to fill in a written application, regulated by VICTORIA Plc and the following papers:

For corporate bodies:

       A Court Order;

       A Tax Registration;

       BULSTAT Certificate;

       Certificateof the firm\'s actuality;

       Standard of the contract with the necessary applications /a liquidating scheme and etc./.

For physical persons:

       A copy of the ID card;

       A Birth Certificate;

       Address for correspondence;

       A certain contract with the necessary applications / a liquidating scheme and etc./.

The Insurance must be conformed to the type of the contract /for sale, leasing, rent/ because the rights of the Insured must be fixed correctly.

According to the terms stipulated in the policy, a financial security is wanted by warrantor, mortgage, deposit, etc.

It is of great concern the time for paying off the installment plan.

SUM INSURED AND INSURANCE COVER

The Sum Insured depends on the amount and the total number of the installments of a certain contract. It takes all risks through the duration of the Insurance Policy but the Sum Insured is not more than the real value. The coverage is up to the real proportions of the damage /not paid off installments/, but not more than the amount of the Sum Insured.

PAYMENT OF THE PREMIUM

The premium is paid in the following ways:

       Through recurrent payments on the basis of realized capital for a certain period of time;

       Through a single payment, when concluding the Insurance Policy.