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Building & contents insurance

What does 'Assignment of rights' mean when purchasing insurance?

What does 'Assignment of rights' mean when purchasing insurance?

Assignment of rights means the voluntary transfer of the right to compensation to the bank that granted the mortgage on the insured property. If your house (apartment) was purchased with a mortgage, you will likely need it.

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Simpl Ltd. with its registered office in Kraków, Piwna Street 25/20, 30-527 Kraków, registered by the District Court for Kraków Śródmieście, XI Commercial Division of the National Court Register, KRS: 0000809392, share capital: PLN 23,550.00, Tax Identification Number (NIP): 6793191362.