Forward it to the insurance company
Posted: Wed Feb 19, 2025 5:38 am
Please note that the money can be returned only if no insured event has occurred. We also remind you that this option is not available when taking out insurance on collateral property - an apartment, other real estate.
The refund procedure is as follows:
Fill out an application to cancel your insurance.
Wait until the money is credited to the account specified in the application.
If payment is refused, you must go to court.
In some cases, the application must be sent to the bank, not to slovenia mobile database the insurance company - this may be provided for by the contract. The algorithm of actions is the same.
In case of early repayment
When repaying a debt early, only part of the expenses is returned. Which part exactly depends on how much time is left until the end of the contract.
Recommendations for processing a return:
First, carefully study the insurance contract. Read the terms of return and clarify who should handle this issue - the bank or the insurance company. Sometimes the insurer is a subsidiary of the bank, and all issues must be resolved through the financial institution from which you took out the loan.
To obtain a positive decision on your application, it is important to substantiate your demands with references to legislative acts and the terms of the loan agreement.
The application must contain a request to recalculate the amount of insurance premiums taking into account the time remaining until the end of the contract term at the time of full repayment of the debt.
If you were forced to purchase an insurance policy when applying for a loan, you have the right to file a claim asking for compensation for damages. Refer to the fact that your rights as a consumer were violated. Claims can be satisfied in cases where the bank actually forced you to take out insurance and you cannot achieve the fulfillment of your demands by referring to the loan agreement.
If you need to contact the insurance company regarding the termination of the insurance contract, you can file a claim with a request to recalculate the remaining amount, citing the fact that there is no threat of non-payment of the loan to the financial institution. All documents must be sent to both the bank and the insurer.
The refund procedure is as follows:
Fill out an application to cancel your insurance.
Wait until the money is credited to the account specified in the application.
If payment is refused, you must go to court.
In some cases, the application must be sent to the bank, not to slovenia mobile database the insurance company - this may be provided for by the contract. The algorithm of actions is the same.
In case of early repayment
When repaying a debt early, only part of the expenses is returned. Which part exactly depends on how much time is left until the end of the contract.
Recommendations for processing a return:
First, carefully study the insurance contract. Read the terms of return and clarify who should handle this issue - the bank or the insurance company. Sometimes the insurer is a subsidiary of the bank, and all issues must be resolved through the financial institution from which you took out the loan.
To obtain a positive decision on your application, it is important to substantiate your demands with references to legislative acts and the terms of the loan agreement.
The application must contain a request to recalculate the amount of insurance premiums taking into account the time remaining until the end of the contract term at the time of full repayment of the debt.
If you were forced to purchase an insurance policy when applying for a loan, you have the right to file a claim asking for compensation for damages. Refer to the fact that your rights as a consumer were violated. Claims can be satisfied in cases where the bank actually forced you to take out insurance and you cannot achieve the fulfillment of your demands by referring to the loan agreement.
If you need to contact the insurance company regarding the termination of the insurance contract, you can file a claim with a request to recalculate the remaining amount, citing the fact that there is no threat of non-payment of the loan to the financial institution. All documents must be sent to both the bank and the insurer.