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Restructuring Business Insurance – No More One Way

How to save up to 30% *** on the premiums you pay, without reducing your coverage.

In a time where every cent counts, businesses and individuals are seeking money saving solutions. Until recently, the right a borrower had to choose his own insurance company was one-way, due to the Banks 'policy, where all borrowers were forced to be insured by the banks Insurance subsidiaries.

 

Now, everyone has the right to choose his Insurance Company and the type of insurance plan they need to cover their loans, without any constraints by banking institutions. The General Attorney on 11/09/2013* stated on a letter that "...any insurance cover that a mortgage lender may require the debtor to enter into, and maintain in force with respect to immovable property mortgaged to the mortgage creditor, may concluded by the debtor with any insurer", and thus makes it clear and unambiguous that the borrower has the right to be insured with the insurance company of their choice.

No more one way! Now InsuranceLink opens the way in restructuring your insurance, by reducing cost up to 30%, without this translating into a reduction of your coverage.

The main objectives of restructuring Business Insurance are two: first, to check whether the current coverage meets the Insured's needs and second, to reduce the cost of such insurance.

InsuranceLink has the answers – We are always nearby, especially in difficult times, to guide you by "restructuring" your premiums for your benefit.

Because saving money is like income in pocket!

*To download a full copy the General Attorney's letter please click here

Offer 1:
20%* less of what you pay now, If the total annual premiums you have are less than €10.000.
*The discount does not apply for vehicle insurance

Offer 2:
15% to 30%** less of what you pay now, If the total annual premiums you have are more than €10.000.
Discount rates are available as described below:
• At the inception of the Insurance policy we are giving initial permanent 15% discount on existing premiums
• In the first renewal of the policy, an additional permanent discount is given based on the claims experience of the previous year, as shown below:

Claims (as % of Premium) Initial
Discount Additional
Discount Total
Discount
Between 40% -50% 15% 5% 20%
Between 30% - 40% 15% 10% 25%
Up to >30% 15% 15% 30%

Claims (as % of Premium) Initial Discount Additional Discount Total Discount
Between 40% -50% 15% 5% 20%
Between 30% - 40% 15% 10% 25%
Up to >30% 15% 15% 30%

(**The discount includes vehicle insurance)

Conditions that apply

1. Claims % to be less than 50% for the previous year)
2. Proof of existing Insurance premiums.

***The final discount does not apply to all kinds of insurance such as Investment Insurance, Life and Health insurance and depends also on the type of risk. Moreover,
it depends on the final approval of the Insurance Company that will underwrite the risk, which it may be one or two Insurance companies together.
We are at your disposal to meet, to discuss and evaluated your insurance and give you the exact restructuring discount we can offer.

INSURANCELINK TIP – 'Think Smart, Act on now'

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