AIG Monexo Protector13 July, 2015
AIG Monexo Protector is an innovative insurance solution which Monexo has purchased from AIG Insurance Hong Kong Limited to benefit borrowers and lenders who enter into loans through Monexo’s Peer-to-Peer lending market place. AIG Monexo Protector provides peace of mind to borrowers in case of rental default, reimbursing up to HKD40,000 in legal fees incurred is pursuing legal action against the tenant. We understand that a defaulting tenant can place considerable strain on our borrower, as landlord, not only in the loss of rental, but in the effort needed to gain repossession of the property. Coverage for legal fees assists in alleviating the strain of this situation.Inflatable 20' Rampage Slide
We also understand that lenders are putting their capital at risk. Whilst risk cannot be eliminated, it can be mitigated. AIG Monexo Protector assists in this respect by providing cover for the loan up to a certain amount, in the event of accidental death to either the borrower or the borrower’s tenant, or if the property is rendered uninhabitable. Monexo’s purchase of this coverage, is testament to its commitment to seeking out innovative solutions for its peer-to-peer users.
Coverage is subject to terms and conditions. To know more, click here