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What happens in case of theft or total destruction of the financed asset?

April 26, 2017ASSET Case destruction financed happens theft total

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What happens in case of theft or total destruction of the financed asset?

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If the asset is lost, stolen, destroyed or suffered irrecoverable damages, regardless of the reasons, the user shall promptly inform the financer on the occurred situation and shall pay to the financer the entire amount representing the damages caused by this situation. The user shall be able to recover the damages from the insurance company.