Insurance Policies for Non-Payment Risks of Financing Portfolios
These policies cover various types of financing, such as:
- Real estate financing
- Financial leasing
- Small and medium-sized enterprise (SME) financing
- Micro-enterprise financing
Under these policies, the company undertakes to indemnify the insured (the financing entity) for any losses it may incur resulting from the default of the borrower (the insured party) in repaying the financing granted by the insured.
This compensation is provided as a direct result of the borrower’s failure to meet their obligations under the financing agreement signed between the insured and the borrower — up to the sum insured or the outstanding debt balance at the date of default, whichever is lower, and after deducting the deductible amount specified in the policy.
Commercial Credit Non-Payment Risk Insurance Policy
Under this policy, the company undertakes to indemnify the insured (the seller), according to the agreed-upon percentage, for any loss incurred due to the failure of the buyer (the insured party) to fulfill their financial obligations on the due date.
The coverage provided under this policy includes commercial risks only, provided that the insured debt arises from the sale of goods or services within the scope of the contract concluded between the insured and the insured party.