Companion Insurance Company - reviews. Companion Insurance Company - CASCO

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Life, car or property insurance is actively gaining momentum. Today everyone knows what that means. It is not surprising that a huge number of companies offering such services appear on the insurance market every day. One of them was the Kompanion insurance company. Her story is a sad example for many motorists. To this day, legal squabbles related to deceived car owners continue.

History of Creation

The first branch of the company appeared in 1998. Then the Kompanion insurance company opened its head office in Moscow. However, initially the company was called "Middle Volga Transport Insurance Company". But over the 6 years of the organization's existence, it has not gained the best reputation. Constant structural changes and incorrectly drawn up papers led to the fact that during this time the company got a bunch of dissatisfied customers. The most rational solution in thissituation was to re-change the name. This is how the SOK enterprise appeared, and the next step was the renaming to Companion.

Name change

After the rebranding, the company's business went uphill. Another central office of the Kompanion insurance company was opened in Yekaterinburg, Samara and dozens of branches in other cities. Also since 2007, the company began to actively advertise under a new name, while huge amounts of money were allocated for promotions. These events worked, and after a while, crowds of customers were breaking through the doors of the UK. As a result, for 2013, the CASCO of the Kompanion insurance company was in great demand among car owners. At the same time, this office was included in the rating of the most popular companies providing insurance services. Of course, the growth in positions was primarily associated with the issuance of "autocitizenship" policies for motorists.

A little later, Kompanion insurance company began to provide services to legal entities, which in turn also increased their positions. As a result, more than 400 offices were opened throughout Russia.

Initially, the company's clients were very satisfied with the activities of the insurance company. Payments are regular, conditions are quite acceptable. During this period, reviews of the Kompanion insurance company were extremely positive. At the same time, the IC joined the PCA and was a member of the most famous insurance associations. Of course, the company's implicit trust index was quite high. However, everything changed in 2015, when the seemingly successfulthe company unexpectedly loses its license.

Initially, customers did not even know about the upcoming problems. The first days the phone of the Kompanion insurance company did not answer, but no one attached any importance to this. However, a little later it turned out that the problems were not connected with the work of the hotline, but with the fact that the holders of insurance policies would not be able to get their money back.

Revoked license

At the end of 2015, the company ceased operations. The license was revoked and hundreds of CASCO owners were left without financial protection in case of accidents. However, other events preceded all this.

As mentioned above, the SOK company was renamed, but no one knows why. In fact, everything is simple. At that time, the firm declared bankruptcy, and all its assets were sold under the hammer. Of course, after this, no one would have agreed to insure in such an unreliable organization. But the Kompanion insurance company, which appeared on the market and began aggressive advertising activities, immediately aroused the trust of customers. However, this did not last long.

At first, the company was unable to fulfill its obligations to the Central Bank, then statements from disgruntled citizens poured into the arbitration courts of various cities. According to these documents, the Kompanion insurance company not only did not pay money for CASCO and OSAGO, but also did not take into account the contractual relationship between the insurance company and customers.

Firstthe former SOK was declared bankrupt, but after several litigations, it was decided to impose the most severe preventive measure in such situations - revocation of the license. This is due to the fact that during the trials, thorough checks were carried out, which showed that the UK also carried out criminal activities. Of course, after this, bankruptcy was out of the question.

Which is worse if the UK has its license revoked or it declares itself bankrupt

To understand the complexity of the situation, it is worth considering this issue in more detail. Many people think that a revoked license is much better than bankruptcy. However, it all depends on the sides of this issue. It is unprofitable for the insurance company to declare itself bankrupt, since in this case all the company's assets will be sold in favor of customers who have not received the due insurance premiums.

If a company declares bankruptcy, it automatically makes it insolvent. In this case, it will be more difficult for customers to get their legitimate money. Let's consider this question in a little more detail.

Is there a chance to return the money

According to the legislation of the Russian Federation, the client can unilaterally terminate the contract with the UK at any time. Usually after that, the entire balance of unused funds is returned to him. However, according to practice, things are not so simple.

In order to recover your money from a bankrupt company, you will have to wait for a court decision and the appointment of a start date for the auction. In this case, a special application must be submitted. If this is not done or the documents are issued too late, it mayit will turn out that all assets will already be sold. In this case, the client will have to wait until the court schedules another hearing.

If we talk about the Kompanion insurance company, then today its license has been revoked. Therefore, the only chance to receive at least some financial compensation is to contact the PCA.

Reviews of victims

The situation with this UK is still partially obscured. Affected clients are still wondering how such a successful firm could turn out to be an elementary soap bubble that burst in a split second.

Today on the Internet you can find a huge number of negative reviews about the Companion insurance company. Basically, they say that you can’t get through to the employees of the company, the phones are simply silent. If you visit a representative office of the company, the situation will not change. A few months after the license was revoked, a secretary sat in the lobby of one of the head offices, who accepted applications from clients. However, now the doors of all offices are tightly closed.

At this time, citizens continue to get into accidents, while many of them do not even realize that they are holders of already invalid insurance policies. It is only in the event of an accident that the clients of the infamous firm discover that the company has gone out of business years ago.

In closing

In order not to get into trouble, stands with utmost vigilancechoose an insurance company. Bright advertising and favorable conditions are not a guarantee that the UK will fulfill its obligations.