Category: Insurance tips Release Date: 2006-08-01
Recently, Li Guangzhou residents to the banks for loans to buy a car hit a thing is very puzzling. He put a few million to the family home and property insurance to produce a one-way bank to require security for loans from the procedures unexpectedly been rejected on the grounds that the policy can not be pledged. Lee angrily complained to the newspaper.
In fact, Mr. Lee met a matter of personal consumer credit generally carried out in today's very representative. According to the banking sector, at present due to ordinary consumers, especially the individual owners to purchase insurance, more and more urgently applied when it was he wanted the money to insurance policies pledged to the bank loans. The banking sector while the loan regulations that may be as security for loans, but also insurance companies from time to time be pledged to introduce some insurance, but the policy pledge is conditional, we must first clarify the loans held by the pledge (certificate) is a property insurance policy or a life insurance policy.
The pledge is a guarantee claim form, the debtor's possession of his property transferred to the creditor as a secured creditor's claim. When the debtor is unable to perform debt, creditors can easily be discounted collateral materials, sell or auction in order to achieve their claims. Therefore, a key policy pledge depends on whether the exchange value of collateral materials, namely, whether the collateral matter of considerable value with its own claims, can be easily realized.
Mr. Lee who is the family property insurance policy, such insurance on behalf of the property insurance contract, policy holders of insurance payment depends on the insurance claim if the accident occurred, without the occurrence of insured event, policy holders can not get insurance money . Therefore, property insurance policy does not have a cash value, therefore, also can not serve as evidence of the pledge.
However, the nature of life insurance policies with savings but can be as security for loans. Investment-type insurance policy dividends, and pension insurance, pension insurance, life insurance contracts, as long as the insured to pay premiums in a year or more life insurance policies will have a certain cash value. At this point, regardless of whether the occurrence insurance, accident insurance, regardless of whether the policy remain in effect, has accumulated some of the cash value of the loss is not the policy holders can request the return of that part of the cash value of insurance companies in order to achieve debt. Thus, with the cash value of life insurance policies can be used as collateral objects.
