OREANDA-NEWS. October 19, 2009. SOLLERS Company presents a new product on the Russian automobile market – insurance against loss of income for those who purchase a car on credit.

This fall all customers who buy of UAZ and SsangYong offroaders, FIAT light and commercial vehicles as well as ISUZU trucks on credit in SOLLERS official dealer centers will get a complementary insurance policy against loss of income. This program carried out in conjunction with VSK Insurance House envisages that if a Buyer looses his job or his earnings drop more than twofold, the insurance company will make motor credit payments.

The program provides that if during the term of the credit a Buyer looses his job in the result of redundancy, liquidation of the company or other reasons stated in the insurance policy and fails to find a new job within 2 months, the insurance company will start paying a monthly insurance benefit beginning from the 3d month. Payment of insurance benefits will stop as soon as a Customer finds a new job but will resume if he looses his job again.

The amount of a monthly insurance benefit allows covering payments under the credit agreement for the car and does not exceed 55,555 rubles. The maximum period of payments under the insurance plan is 9 months, and the total maximum benefit for this period is 500,000 rubles.

It is also important to note that to execute an insurance policy a Customer needs just to fill out an insurance application. It is necessary to submit all documents proving the loss of a job or reduction of the income only when an insurance event occurs.

According to Tatiana Lukovetskaya, CEO of SOLLERS Trade House, this program should make SOLLERS’ credit offers more attractive since they will allow Buyers to be more confident in their ability to repay the motor loan even under the conditions of instability on the labor market.

The offer is valid in all SOLLERS dealer centers on the territory of Russia.