Even if it's under mortgage, your business is yours, and you must do everything to protect it. Trust has created the Mortgage Business Fire program so that you and your business get the best possible coverage.
The Mortgage Business program compensates the replacement value without deducting any amount for purposes of damage, usage or antiquity
"Mortgage Business" covers All Risk and is offered at a privileged price
Aimed at business owners, who deal with all kinds of business, personal care services such as Barber shops, Hairdressers and Beauty salons, Spa. For most types of retail stores, such as Restaurants, Taverns, Fast Food shops, Pizzeria, Pastry, Coffee Shops, Canteen, Food tracks etc.
It covers all risks of basic home run, such as:
Would you like more information? Do not wait! Contact us
By obtaining a mortgage loan, it is the client's obligation to the bank to insure the mortgaged property based on the coverage requested by the Bank. However, the mandatory basis of the law is the insurance of the mortgaged home and not the choice of the insurance company. Every homeowner can go to any insurance company and choose the best plan for himself and his property. Specifically, the Consumer Credit Act provides the following:
“Any insurance coverage that a mortgagee may require a debtor to conclude and maintain in respect of immovable property mortgaged to the mortgagee may be negotiated by the debtor with any insurer”.
The insured amount is determined by the value of the property and not by the amount of loan you have taken from the bank. Be sure to insure your property at the real value of the rebuild and not at the loan amount. It is noted that the value of the land is not considered, but the value of the property and the cost of reconstruction. The cost is to restore the property to the same condition as before the loss.
It's very simple. Contact one of our representatives to plan together an insurance policy tailored to your needs!
Make sure the description of the property on the license is as detailed and the insured value is correctly stated, to avoid the risk of over or under insured.
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