FAQ's by Category

A payment protection insurance is an insurance solution to protect yourself against the financial consequences of death, disability, unemployment and divorce. It relieves the policyholder and the relatives as well as heirs of the repayment instalments in the event of occupational disability, involuntary unemployment or death, over the entire term of the loan. What is new is that even in the case of divorce, the loan repayments are covered by the insurance over a maximum term of 6 month. For investors, the payment protection insurance forms a reinsurance for their investment and is a possible decision criterion when choosing their preferred credit projects.

The borrower is compulsorily insured against the risk of death. In this case the insurance company bears the remaining debt towards the lender. In the case of insurance with coverage in the event of unemployment, disability and divorce, your monthly loan instalments are covered until the end of the term in the event of an insured event (a maximum of 6 monthly instalments, in the event of divorce). Details can be found in the product information and the terms and conditions.

Yes, with Crowd4Cash you can also insure yourself and your relatives against these risks as a self-employed person. Self-employed persons, who, due to urgent business requirements, have to give up their self-employment or freelance activity are treated in the same way as salaried employees. Details can be found in the product information and the terms and conditions.

In the event of death and in the event of an insurance claim, the entire outstanding loan amount is protected for every borrower. The premium for the whole life insurance is included in the fees