For the first time in Bulgaria the clients of UniCredit Leasing can be insured against impairment of their vehicles in case of total damage or theft thanks to the specialized insurance programme of UniCredit Insurance Broker. Thanks to this programme the value of the vehicle is further secured and in case of theft or total damage the client receives compensation which covers the actual loss and not only the market value of the vehicle as of date of conclusion of the insurance (as is usually the case with the traditional Casco).

“We have decided to offer to the clients of UniCredit Leasing this insurance, which is new for the Bulgarian market, in order to provide them with the opportunity to be completely insured against loss in the case of theft or total damage”, says Kalin Zhelev, Managing Director of UniCredit Insurance Broker.

He explained that in the course of time the market value of the vehicle decreases while the costs associated with the vehicle increase. “As a result, it is not sufficient to cover in their full amount the actual incurred costs for the vehicle – the leasing downpayment, the repayment in time, as well as maintenance costs over the years. While using the vehicle, you pay this difference in terms of the price of comfort but what would happen if due to a theft or an accident you are left without a car? Not only do the costs become more tangible but also additional ones arise in relation to the loss,” commented also Kalin Zhelev.

In accordance with the provisions of the Insurance Code in case of total damage the Caso Insurance provides compensation to the insured persons on the basis of the actual value of the vehicle as of the date of the insurance event. As a result, in many cases the compensation provided by the insurer does not provide the lessee with sufficient funds to buy the same vehicle as the one they had before.

The insurance offered to clients of UniCredit Leasing compensates to a significant extent the impairment of the vehicle and in case of total damage or theft it provides additional funds to the lessee which enables him/her to cover the increased amount of expenses or to make the downpayment for a new vehicle of the same class as the one used so far.

The compensation represents a percentage of the initially invoiced value of the car and the maximum amount reaches EUR 15, 000.

UniCredit Insurance Broker is one of the leading insurance brokers on the Bulgarian market and manages insurance premiums amounting to BGN 20 million. According to the latest statistics of the Financial Supervision Commission, the broker is an indisputable leader in the field of Casco insurances of motor vehicles with a market share of 6.6%. The company also specializes in offering coverage of various individual risks and the development of specialized programmes in the field of property and vehicle insurance. The clients of UniCredit Insurance Broker can also make use of a 24-hour maintenance service in case of road and car accidents.

More information for media:

UniCredit Bulbank, Identity & Communications Department

Viktoria Blajeva, Phone: + 359 2 9264 993, wjlj/ebwjepwbAvojdsfejuhspvq/ch

Ekaterina Ancheva, Phone: + 359 2 9264 963, еlbufsjob/bodifwbAvojdsfejuhspvq/ch

More information for clients: UniCredit Bulbank, Call Centre Phone: 0700 1 84 84