Deferred payment of Civil liability
Civil liability is mandatory insurance for all motor vehicle owners in Bulgaria.It guarantees that in the event of a traffic accident, damages to third parties will be covered by the insurer.For many, however, paying for the policy all at once can be financially burdensome.Fortunately, insurance companies offer various installment payment options that make it easier for drivers in this aspect.
1. Monthly installments
One of the offered options is to reschedule the payment ofcivil liabilityin monthly installments.Customers can spread the policy total over 12 equal monthly payments, providing more flexibility and budget control.This option is very rarely applicable and is not particularly attractive for brokers and insurers.It is also associated with a large amount of documentation, including stickers and green cards.
2. Quarterly or six-monthly installments
Some insurance companies also offer the option of paying in quarterly or six-monthly installments.This is convenient for people who prefer not to make monthly payments, but also want to avoid paying the entire amount in one go.These periods give more space to manage finances.
3. Use of credit card
Many insurers allow the policy to be paid for by credit card, which allows for automatic deferment through the terms of the credit card itself.This option is convenient for people who rely on their credit limit and want more financial flexibility.At the same time, the customer enjoys a discount for a one-time payment, which moreinsurance companiesand they give
Deferred payment of civil liability offers easier cost management and reduces the burden on the budget, while ensuring compliance with legal insurance requirements.
What is GO and what is casco –lookhere!
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Deferred payment of Civil liability
Civil liability is mandatory insurance for all motor vehicle owners in Bulgaria.It guarantees that in the event of a traffic accident, damages to third parties will be covered by the insurer.For many, however, paying for the policy all at once can be financially burdensome.Fortunately, insurance companies offer various installment payment options that make it easier for drivers in this aspect.
1. Monthly installments
One of the offered options is to reschedule the payment ofcivil liabilityin monthly installments.Customers can spread the policy total over 12 equal monthly payments, providing more flexibility and budget control.This option is very rarely applicable and is not particularly attractive for brokers and insurers.It is also associated with a large amount of documentation, including stickers and green cards.
2. Quarterly or six-monthly installments
Some insurance companies also offer the option of paying in quarterly or six-monthly installments.This is convenient for people who prefer not to make monthly payments, but also want to avoid paying the entire amount in one go.These periods give more space to manage finances.
3. Use of credit card
Many insurers allow the policy to be paid for by credit card, which allows for automatic deferment through the terms of the credit card itself.This option is convenient for people who rely on their credit limit and want more financial flexibility.At the same time, the customer enjoys a discount for a one-time payment, which moreinsurance companiesand they give
Deferred payment of civil liability offers easier cost management and reduces the burden on the budget, while ensuring compliance with legal insurance requirements.
What is GO and what is casco –lookhere!