LEASINGPROTECT®
Special insurance concept designed for the growing leasing sector
The dynamic development of the leasing sector requires innovative insurance concepts to cover the risks involved in the latest forms of vehicle and mobile-asset leasing finance. Cardif offers a set of solutions designed to cover these risk factors: In the event of unemployment or disability on the part of the leaseholder, ongoing lease payments are in danger of default, and the finance company may not recover the amount outstanding if death occurs.The preventing of loss of earnings in the event of unemployment or disability does not just cover the fulfilment of obligations with respect to the finance agreement; it also guarantees financial “mobility” and planning-security at difficult moments in one’s life.
| Risk | Insurance cover | Duration |
| Death | Cash value of outstanding lease repayments (with or without possible agreed final payment) | One-off-payment |
| Death gap | Cash value minus disposal sum | One-off-payment |
| Unemployment | Settlement of monthly payments | 12 or 24 months per insured case |
| Disability | Settlement of monthly payments | Up to end of duration of policy (max.) |
LEASINGPROTECT® is particularly suitable for the following sectors:
