Purpose

Protects the borrower’s car financed by loan.

Insurance item

Vehicle purchased by bank loan

What to do when insurance incident occurs?

Inform:

- Practical Daatgal LLC immediately (77776677, 94001525)

- MIG Daatgal LLC immediately (70003000, 95092209);

- Ard Daatgal JSC immediately (77200088)

Required documents has to be filed to the bank and insurer in a timely manner.

Required documents for insurance claims

- Insured’s request;

- Original copy of insurance policy;

- If necessary, estimation done by a licensed estimate agency;

- If necessary, a bill from a repair shop that rendered repair services;

- If necessary, a statement from a corresponding professional institutes;

- Bank letter;

Purpose

Protects properpties (equipments and heavy duty vehicles and trucks) held as collateral for equipment loans.

Collaborating insurance company

Mig Daatgal LLC

Insurance items

Following properpties held as collateral for equipment loans

- Heavy duty vehicles
- Heavy machineries
- Industrial equipment

Insurance risks, value, rate of premium

Industrial equipment

Heavy duty vehicle insurance

Heavy machinery

Insurance policy is effective when premium is paid and in force for one year.

Coverage exclusions

Risks not covered by the policy.

What to do when insurance incident occurs?

Insured is responsible to notify within 24 hours in capital and 72 hours in rural area to MIG Daatgal LLC’s 70003000 and 330130.

Required documents for insurance claims

• Insured’s request;
• Original copy of insurance policy;
• Documented photos and other possible evidences;
• Documents issued by authorized entity which describes cause and scope of damage;
• Other necessary documents required by insurer;

Purpose

Commercial mortgage risk insurance products protect any industrial and service real estate, office building and space used to secure the loan, provide coverage for borrower and co-borrower’s life and disability, and loan payment interruption for businesses.

Collaborating insurance company

Practical daatgal LLC

• Insurance items
• Real estate      
• Borrower’s life and disability
• Payment interruption
• Insurance value and rate of premium

Individuals:

 
Companies:

Insurance policy is effective when premium is paid and in force for one year.

Insurance risk and protections

Real estate insurance: 

• Fire;
• Electrical risks;
• Water damages;          
• Natural disasters (Major storm, blizzard, flooding, earthquake, landslides and other earth movements, lightning, hail, etc);
• Damage caused by act of third party.

Borrower’s life:

• Accidental death;
• Accidental disability

Payment interruption:

• Borrower’s bankruptcy determined by the court;
• Consequences of war, revolution, riot, crowd disturbance;
• Force majeure.

Coverage exclusions

Risks not covered by the policy.

What to do when insurance incident occurs?

Insured is responsible to notify within 5 days to Practical daatgal LLC’s 77776677, 94001525.

Required documents for insurance claims

• Insured’s request;
• Original copy of insurance policy;
• Documents issued by authorized entity which describes cause and scope of damage;
• If necessary, correspondent professional entity’s definition;
• Copy of death certificate, Examination report of cause of death (physician statement, death summary, test results, post-mortem examination, autopsy);
• Credit and collateral contracts;
• Proof of disability (hospital and labor inspection commission act and other possible evidences);
• Bank description;