Leasing Protect

Security for you and your family

Find the right solution for you

Everyone would like to have a new car. If the car is bought on leasing we get worried if we happen to no longer be able to meet our leasing installments in case we lose our job or get sick. Medical treatment is expensive and labor market is currently insecure in Bulgaria. Therefore in such hard circumstances people sometimes face difficulties to pay out their leasing. What we offer is a solution to this problem- to cover your monthly installments for a fixed period of time.

Why to choose Leasing Protect?

  • In order to receive a totally free* of charge additional protection for you and your family
  • Your monthly leasing installments are covered by us when you are faced with difficulties
  • Take advantage from our unique protection that meets the best international standards
  • Secure your ownership of the vehicle at the end of the leasing contract
  • Protect yourself and your family from debts to OTP Leasing
  • We cover the entire outstanding amount + VAT on your leasing
  • You are sure of OTP Leasing’s support in case of unfortunate events

 * Clients with existing leasing contracts have minimal increase in the interest rate. But what is the cost of their security?

What should I know?

This unique product guarantees that the client obtains ownership of the motor vehicle, while the Insurer remains responsible for paying out all his remaining leasing installments in case of unfortunate events such as death or serious disability and covers all the monthly installments to OTP Leasing, in case of temporary disability with the client. In case of loss of employment due to dismissal, Express Life Insurance covers all the leasing installments of the client up to 6 months per insurance event or per year for the duration of the entire leasing contract. In case of the worst circumstance with the client or serious disability (TILA or PTD), the entire outstanding amount of the leasing is covered by the insurance, while the lessee or his inheritants obtain ownership of the vehicle.

For more information regarding the leasing offered with this insurance by OTP Leasing please click here.

What are the risks covered?

  • Death in case of sickness or accident
  • Total and Irreversible Loss of Autonomy in case of sickness or accident
  • Permanent Total Disability in case of sickness or accident
  • Temporary Disability in case of sickness or accident
  • Loss of employment, provided by Komerční Pojišťovna (KP)*

*Loss of employment is an additional non- life insurance cover, provided by Komerční Pojišťovna. KP is a Czech insurance company, part of Société Générale Insurance, providing non- life insurance in Bulgaria under Freedom of Service. For more information about KP, click here.

What happens in case of unfortunate event?

  • Your obligations to OTP Leasing are repaid by us
  • Your monthly installments of the leasing in case of Temporary Disability and Loss of employment are paid by us or KP directly to OTP Leasing
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