Accident or theft prior to
the date of vehicle replacement
If
the vehicle was put out of commission due to an accident or was stolen prior to
the date of vehicle replacement, a new loan will be approved only
if the insurance company covering the vehicle acknowledged the general damage
caused by the accident or acknowledged the theft.
In
such cases, the mobility department at the National Insurance Institute branch
must receive an authorization from the insurance company. When dealing with a vehicle with installed
accessories, one must provide a separate authorization from the insurance company regarding the loss of accessories.
If
a new standing loan is approved, the standing loan on the previous vehicle must
be returned. The precise calculation will be made at the National Insurance
Institute branch.
Accident or theft after the
date of vehicle replacement
If
the vehicle was put out of commission due to an accident or was stolen after
the date of vehicle replacement, a new standing loan can be approved.
Although the new standing loan is not conditioned on providing authorization from the
insurance company, it is however recommended to send such authorization to mobility department at the National Insurance Institute branch.