Mortgage insurance is a separate type of insurance. There are some peculiarities here that you need to know about before signing documents for a mortgage. How is a home insurance policy issued for a mortgage? What are the conditions and how much will all this cost? All these nuances are very worrying for a person who has little knowledge of insurance issues.
If taken necessarily. Before you decide to take out this type of loan, you need to think through a lot in advance. Typically, the bank requires you to insure not only the housing itself, but also the life and working capacity of the borrower himself, because he will not take risks and will require you to pay for comprehensive insurance. This is how a financial organization powerfully and completely legally protects its interests.
There is a Federal Law regulating credit relations, “On Mortgage” dated July 16, 1998. According to it, all real estate must be insured in order to minimize risks.
Without taking out insurance, a financial institution formally does not have the right to refuse a loan, but in practice such interest is charged that the person himself refuses to take money on such conditions. The bank is obliged to provide the client with a choice of which insurance company he will use to insure the apartment with a mortgage, but you cannot refuse this financial transaction.
The amount of insurance depends on the condition of the home itself. If you decide to insure your own life, as the bank asks, your health will be taken into account. There are a lot of nuances of mortgage insurance. Let's figure it out in order.
What should you consider when signing a mortgage loan agreement? Banks that offer mortgages usually work with several large insurance firms. You, as a client, can choose any insurance organization, but only from the list of companies that the bank itself will indicate to you.
What other nuances are there? If the client refuses to pay for life insurance, bank employees have the right in this case to raise the interest rate for housing by 1%.
After completing all the documents, you can safely receive the keys to your apartment, which you are taking out on credit. Thus, it is also beneficial for the client. He is calm, knowing that in any unforeseen situations the insurance company will bear all the costs that the bank needs to reimburse.
All insured events for which payments are due are specified in the contract. You need to familiarize yourself with this list.
There are several types of apartment mortgage insurance. We will look at the features of each below, but first we list them:
Object of insurance;
Health and performance of the borrower;
Housing title;
Borrower liability insurance.
Job losses.
It is clear that the object of insurance, that is, the house or apartment itself, is insured without fail. A sudden fire or robbery and vandalism - all these factors that take place in our lives cannot be prevented. When determining the amount of insurance, it plays a role whether the home is new or old, whether it has wooden floors, and wear and tear. Insuring a non-standard home, such as a secret house, will be more expensive than a regular apartment.
Separate mortgage conditions for those who take out a military mortgage. Military personnel are provided with certain benefits, and part of their loan is paid from the state treasury. However, in this case the military man himself must pay for insurance, and the benefits do not apply here.
It is better to insure your performance when you are in poor health or already have chronic illnesses.
Let us explain in more detail what condo title insurance is. This type of insurance is needed when there is a possibility that you will not be able to have ownership of the purchased apartment. But these are rare cases. Usually, if the apartment or house has just been built and has not yet had an owner, it is absolutely not necessary.
Such insurance guarantees the payment of a certain amount from the insurance company in the event that some documents during the purchase and sale were incorrectly completed and your purchase is legally invalid. Your credit agent, that is, the bank, receives funds from the insurer.
How much will the insurance company pay? The agency will pay the difference between the amount you borrowed from the bank and the actual cost of the home. Moreover, only if you insured the received apartment for its full value, and not for a partial one.
The cost of such insurance is approximately 0.5% of the total amount, no more. The term of insurance payment within the framework of the law cannot exceed 3 years.
The main difference between such a policy is the dependence of the rate on the age of the insured person. The amount will also depend on factors such as the client’s profession and his general health. If the client has an extreme hobby or works in a dangerous industry, then the percentage will also be high.
You can insure yourself in the following cases:
Temporary loss of ability to work;
Disability;
Death of a client.
If the client died in prison, in war, or voluntarily exposing his life to danger, then the issuance of insurance to the family of the deceased will be denied.
There are times when the bank you choose forces you to sign a life insurance contract, even if you do not think it is necessary. What to do in this case? Prepare a certificate from the hospital in advance. If you bring a certificate stating that you are in excellent health and do not go to the doctor's office, the cost of such a policy will be minimal. In addition, when insuring life, the age of the client is taken into account. If he is under 40 years old, the interest rate in many banks is lower than in cases where the client is 60 years or older. Therefore, when applying for this type of insurance, it is advisable to ask several organizations to make calculations at once and choose among them the one that offers more favorable conditions.
In principle, you can insure your home anywhere. But in practice, this issue is very strictly regulated by the bank. If you are taking out a simple consumer loan, bank employees will not particularly insist on insurance. But when signing a mortgage agreement, everything is much stricter. They often choose home insurance for a mortgage from VTB 24 or Sberbank. But where is it more profitable? Each bank has its advantages, but also its disadvantages.
If you choose life and home insurance for a mortgage at VTB 24, you can pay off the loan not in 20 years, but in 5. At the same time, the price of insurance is reduced by 25%. A special program is provided for this. However, if you choose insurance with VTB 24, you agree to pay for 2 policies: for the safety of the apartment and for your own life and health.
The cost of a policy in this organization depends on which program the client chooses. The client can also choose one of the proposed types of property insurance:
And will he want comprehensive insurance? For comprehensive insurance, all rate coefficients are reduced. You can choose an insurance program directly on the company’s official website.
But Sberbank offers only one type of compulsory insurance - for real estate; yet other types are voluntary. But you may be asked to purchase insurance for loss of title to your home. The average rate in this bank for this year 2017 is 0.225% per year of the entire amount of your loan obligations. But you can choose one of 19 other insurance organizations working together with Sberbank.
When calculating the cost of insurance for an apartment taken on a mortgage, the following factors are taken into account:
Your bank's requirements;
Loan size;
Condition of housing (technical characteristics);
Total insurance period;
Availability of previous transactions.
You can save a lot by purchasing a policy that provides comprehensive insurance. VTB 24 suggests saving in this way. That is, simultaneously insure all types of insurance offered by the credit institution.
But Sberbank will give a discount on the percentage if the client signs up. If some organization already insures your health and ability to work, contact it and insure your home there. You will definitely be given a discount. A discount can be obtained if a person has changed his occupation and his profession is no longer included in the list of life-threatening occupations. He will have to reduce his insurance premiums upon application. If you calculate all these nuances, you can take out a policy on fairly favorable terms. But, despite all the discounts, insuring an apartment with a mortgage is still a very costly investment.
Insurance is paid for the entire period for which the loan payments are calculated. But the contract is usually renewed every year. If all conditions remain the same and the client is satisfied with the situation, the contract is simply extended. But when the situation changes in some way, certain changes are made to the document. For example, the client has already paid a significant part of the loan, and its repayment period has decreased. Consequently, the insurance amount will also decrease by some percentage.
Of course, each organization has its own conditions, but they are all subject to the same laws of the Russian Federation for all insurance companies. Documents must be submitted to the insurance organization correctly. If you do not have experience working with financial organizations, then be sure to consult with lawyers.
The list of documents is in most cases the same and includes:
Your Taxpayer Identification Number;
Statement;
Signed mortgage agreement;
Passport or other identity documents;
Documents confirming the ownership of housing;
Land deed if you bought a house on a plot.
After submitting and checking all documents, the client pays for insurance and the first installment. It happens that it is convenient to sign a tripartite agreement. The parties to this will be your bank, you and the insurance company.
In order for the insurance company to return the money when the insured event does occur, the following conditions must be met:
The insurance company has the right to refuse payment if at least one premium was not paid on time.
The cost for each type of insurance is different. And each bank, naturally, has its own rates and its own nuances. If you agreed to home insurance for a mortgage at Sberbank, the cost of the policy will be lower than at VTB-24, even if the transaction is completed with the same insurance company.
The insurance calculation formula includes the interest rate on the loan and the outstanding balance. Other nuances are also taken into account.
Payment of the fee is made only once a year. But if a client, for example, has begun renovations on a purchased apartment and is unable to pay this amount at once, we can agree on its breakdown. Then the contribution is divided into 4 equal parts and paid quarterly.
The insurance organization provides for several insured events, upon the occurrence of which the bank will receive the amount specified in the contract. A home insurance policy with a mortgage in different organizations has different costs and, accordingly, insures several possible unforeseen situations. These usually include:
Problems with water pipes (flood);
Housebreaking;
Natural disasters;
Vandalism;
Ground subsidence;
Flooding when groundwater rises.
Some insurers also offer home mortgage insurance in case the building is hit by a falling plane. In short, the list of insured events can be quite wide. You choose the policy that you consider suitable. There is no need to pay for the entire list of insurance events.
A person signs an insurance contract simultaneously with a mortgage. All terms, including indemnification terms, must be specified in the contract you sign.
As for life insurance, the insurance must cover the entire remaining payment amount. If the client gets sick or injured due to which he cannot work, then the insurance company must pay your borrower from 50 to 70% of the due amount at this time.
If the client has already fulfilled all his financial obligations to the bank, can he get part of the insurance back, since insurance is paid at the beginning of the year, for all 12 months? If you were insured with VTB, then this is possible. To do this, you just need to terminate the contract early, and part of the money will be returned to you.
Since last year (2016), there has been a legal opportunity to demand a refund of money through the court if the bank imposed some kind of insurance on you.
As a rule, an insurance policy is not purchased. After all, this is a voluntary procedure. Another thing is mortgage insurance from Sberbank. Stricter rules apply here, since funds are provided for decades. And the policy protects not only the bank, but also clients in case of unforeseen situations.
You can get insurance from a Sberbank subsidiary by selecting projects and signing an agreement.
If an insured event occurs, the company will pay an amount equal to the cost of the loss, but within the total amount of insurance. Exceeding is not allowed.
There are no clear requirements for insurance premiums, except for one thing - the amount must be less than 1% of the loan amount for one year. Otherwise, individual rules apply.
By purchasing a policy, you can protect yourself or your heirs in case of:
As we can see, life insurance, although not necessary, has a number of advantages. In addition, Sberbank is creating more attractive conditions for those who sign a policy: a 1% reduction in mortgage rates.
5 minutes to read. Published 08/07/2014
Mortgage insurance is a mandatory condition when obtaining a loan to purchase real estate. With the help of such a measure, a banking institution seeks to protect itself from possible financial risks.
In essence, this insurance protects the interests of both the borrower and the lender, but the recipient of the insurance in the event of an insured event is the bank.
There are several types of mortgage insurance:
Today, companies are promoting mortgage comprehensive insurance
. It combines life and health insurance of the client, purchased real estate, and title.
How much will mortgage insurance cost the borrower?
The size of this amount, reflecting home insurance, ranges from 03.-0.5% of the total policy amount and depends on the presence of many factors (the material of the floors in the building, the technical condition of the housing, and so on).
The amount of life and disability insurance is influenced by the age, health level of the borrower and his profession - this parameter ranges from 0.3-1.5%.
If the co-borrower’s income is taken into account when issuing a mortgage, there is a high probability that the bank will insist on insurance for his life.
Title insurance will be 0.2-0.7%, it all depends on how legal the property is.
To understand how much mortgage insurance costs, you need to understand it main nuances:
Let's consider an example of calculating comprehensive mortgage insurance, as the most common
Initial parameters of a mortgage loan:
Basic insurance amount on the date of insurance payment calculated using the formula:
B – amount of the insured amount.
S the total loan amount is 750,000 rubles, or, as in this case, the loan debt as of the insurance payment date specified in the payment schedule.
I – loan interest rate 14.75 (substitute 0.1475 into the formula).
Substituting the values, we get the basic insurance amount:
B=712375+0.1475 x 712375= 817450.31
Then we count payment amount on the specified date:
Insurance = 817450.31 x 0.404/100 = 3302.50
It is clear that with each subsequent year the contribution amount will decrease.
When choosing a company, it is important to focus not only on the amount of the contribution (naturally, the lowest figure looks more attractive), but also on the conditions. Of great importance are: the procedure for paying contributions and sanctions at the time of their delay, the most complete package of stipulated cases for payment, discounts for prolongation of credit real estate insurance. Only by comparing all the criteria can you choose the optimal company with the best conditions.
An insured mortgage gives you peace of mind and maximum protection. in the event of an insured event from the burden of debt obligations.
Table with approximate rates of some insurance companies:
| Insurance company name | Insurance type | ||
| life | property | titular | |
| Tariff as a percentage of the insurance amount | |||
| Alliance | from 0.19-0.3 | from 0.12 | from 0.13 |
| Renaissance | 0,15-5 | 0,1-0,77 | 0,2-0,4 |
| Ingosstrakh | from 0.267 | from 0.2 | from 0.2 |
| GUTA | from 0.075 | from 0.07 | from 0.11 |
| Rossgosstrakh | 0,1-5,6 | 0,12-0,65 | 0,15-0,35 |
Some of the more well-known companies also include: Alfa Insurance, KIT Finance Insurance, Megaruss-D, Sogaz, VSK and others.
How much will mortgage insurance cost the borrower?
The amount of the amount ranges from 0.3-6.5% of the total policy amount and depends on the presence of many factors (material of floors in the building, technical condition of the housing, and so on).
The amount of life and disability insurance is influenced by: age, gender, health of the borrower, working conditions. This value ranges from 0.1-5.6%. If the co-borrower’s income is taken into account when issuing a mortgage, there is a high probability that the bank will insist on insurance for his life.
Title insurance will be 0.13-0.7%, it all depends on how legal the property is.
More information about tariffs can be found on the official website of the selected company.
Welcome! Today we will look at insurance when applying for a Sberbank mortgage. Banks force them to insure real estate purchased on credit, and when applying for a mortgage, borrowers agree to additional costs for the purchase of property insurance policies. What other types of insurance will the lender require? We will discuss the terms of mortgage insurance at Sberbank later in this post.
When taking out housing loans, banks offer three types of insurance:
Which of them are mandatory for Sberbank, and which can be refused? Let's consider the guarantees of each policy, their cost and the conditions of the insurers.
Insurance of the purchased property is issued for the period of mortgage lending. The conditions provide for compensation for property damage in the event of a fire, flood, house destruction, etc.
Mortgage insurance at Sberbank is mandatory; it guarantees the lender the good condition of the collateral until the debt is fully repaid. The property is insured in favor of the bank; in the event of an insured event, Sberbank will be the beneficiary.
For the borrower, compulsory insurance entails additional costs: every year you need to renew the contract and make mandatory payments. A positive point is the insurer’s guarantee of reimbursement of unforeseen expenses. In other words, collateral insurance for a Sberbank mortgage loan eliminates all possible risks of damage and loss of property. Many people perceive the price of the policy as the price of their peace of mind: in the event of force majeure, you will not have to look for money to repair the premises, all expenses will be paid by the insurance company.
How much does such a guarantee cost, and is it possible to reduce the cost of Sberbank mortgage insurance? The price of the policy depends on a number of characteristics of the property. The technical condition, year of construction, number of storeys, and basic structural elements of the house are assessed. Therefore, rates for insurance of an apartment in a new building and in the secondary market may differ.
In 2020, tariffs are offered in the range of 0.12% to 0.25%. This year, the conditions have not changed and it is easy to calculate that with a mortgage in the amount of 3 million rubles, the cost of the policy can range from 360 to 750 thousand rubles for the entire loan term. As you settle with the bank and the amount of the principal debt decreases, the annual cost of insurance will also decrease.
Insurers offer two models of mortgage loan insurance: based on the value of the property being purchased or based on the amount of the remaining debt to the bank.
As a rule, bank managers recommend insuring your mortgage loan through the partner company Sberbank-Insurance. This is convenient for the borrower because it is fast: insurance can be issued online, and a copy of the policy will be automatically sent to the bank. On our website below you will find an approximate service calculator.
If you compare the prices of insurers, then every major company has attractive offers. By the way, Sberbank does not place restrictions on choice and offers a list of 25 accredited companies.
The borrower can insure life and health when applying for a loan from Sberbank at his own request; these are not mandatory loan conditions. But it is worth noting that the bank actively lobbies its interests by reducing interest on loans if you have a personal insurance policy.
The lender's interest is explained by additional guarantees: in the event of the borrower's illness or death, the insurer will repay the balance of the mortgage loan with Sberbank.
The policy includes such risks as: death, disability, serious illness, loss of work in case of illness or at the initiative of the employer. You can choose risks at your own discretion; taking into account their set, the full cost of insurance is formed.
The price is influenced by the age, gender, profession and health status of the borrower at the time of applying for the loan. Insurers will ask for certificates from medical institutions and, in the presence of serious illnesses, will increase insurance rates. Hence the range of rates: health insurance today is offered from 0.3% to 1.5%. What percentage will be set for the borrower is decided individually.
For an approximate calculation, we use the previous example: with a mortgage amount of 3 million rubles, the cost of insurance will be from 9 to 45 thousand rubles per year.
You can calculate your insurance yourself by using the calculators on the company websites. But to obtain accurate data, you should contact the managers and provide all the necessary information. The final conditions depend on several factors, including the loyalty of the insurer: regular customers will be provided with discounts.
You need to calculate the savings on the mortgage rate: it is usually 0.5% -1.0% lower if you have life insurance. For the insured person, the risks of loss of real estate in the event of illness or transfer of debt to his loved ones (heirs) in the event of death are reduced. Sometimes these arguments are decisive when making a decision.
Title insurance for mortgages at Sberbank is issued on a voluntary basis. The essence of the procedure is to insure the borrower's right to the purchased property.
Typically, title insurance is chosen by buyers of secondary homes, cottages and land plots. But recently, buyers of new buildings have also taken out insurance, preferring to protect themselves from possible problems.
Title insurance for a mortgage at Sberbank is perceived positively when approving a loan application, but it does not affect loan rates. The average policy price in 2020 is between 0.3% and 0.5%. With a mortgage of 3 million rubles, the borrower can pay from 9 to 15 thousand rubles.
Mortgage title insurance at Sberbank provides guarantees in repaying the loan debt in the event of deprivation of rights to real estate. This can only happen by court order:
Thus, each borrower independently decides whether title insurance is required for him: this policy will not affect the terms of the Sber mortgage.
Calculation of the cost of a mortgage insurance policy for Sberbank can be done online. To do this, you need to fill out the fields of the calculator on our website. After receiving the calculation, you can issue a policy online and transfer it to Sberbank.
To buy a mortgage insurance policy from Sberbank, you need to select an insurance company and submit an application. You will need to submit a package of documents. A complete list can be obtained from your insurer. Typically this list includes:
The registration procedure will take a little time. If the borrower chooses Sberbank-Insurance, the service can be issued on the day of the transaction. After signing the contract, you need to pay the insurance premium for the first year and give the bank a copy of the insurance policy.
The policy is renewed annually. If you use the services of one insurer, you do not need to collect documents for each next installment: the borrower’s data is stored in an electronic database. With standard loan repayment, the insurance company calculates and reports the amount of the next installment. After payment, the insurer will send a copy of the policy to the bank.
If the borrower changes insurance company, you will need to provide the entire set of documents and a certificate from the bank about the balance of the debt.
The total cost of a mortgage for the borrower consists not only of the amount of the loan body and interest, but also of all additional expenses. Over the course of a number of years, you will have to pay insurance premiums in order for the company to renew the policy. This is a significant burden on the personal budget, but the loan terms do not imply otherwise. If you refuse insurance for the next year, you can receive a notification from the lender about an increase in the rate or an offer to repay the loan in full.
Therefore, it is necessary to comply with the obligatory conditions of the lender in order to avoid the risk of loss. As for voluntary insurance, each borrower will answer the question of whether insurance is mandatory for him, based on his personal situation. How to calculate costs in this case? A calculator on the insurer’s website or consultants in its offices will come to the rescue.
Practical clients choose comprehensive mortgage insurance from Sberbank, which includes all two types of policies. The packaged service is cheaper, the total fee can be about 1% per year of the mortgage amount.
Not all borrowers are aware of their right to return insurance after repaying the debt to the bank. Insurers are reluctant to share such information, but by law they cannot refuse a refund. How to return mortgage insurance from Sberbank?
In order for the company to return the fees, the borrower must submit an application. Let's consider in what cases this is possible:
Sberbank Insurance will receive information about early repayment of the loan directly from the bank.
To apply for a refund of insurance after paying off a mortgage from another insurer, you should attach a Sberbank certificate to the application about the debt being fully or partially repaid.
So, everyone who plans to get a mortgage from Sberbank must insure the purchased property against the risk of loss or damage. As for voluntary insurance, each borrower must make his own choice. We recommend not to neglect the opportunity to protect your financial situation from risks: a mortgage is issued for a long period of time and no one knows what may happen during this time.
If you need help with your insurance return, we recommend that you sign up for a free consultation with our lawyer using a special form.
We are waiting for your comments about the article. We will be grateful for your rating and like on social networks.
VTB Bank offers clients favorable mortgage terms, but always requires an insurance policy. Clients often do not want to spend money on additional services due to the accrual of considerable payments under the loan agreement.
Many Internet users prefer to calculate the cost of insurance before concluding a contract. When taking out a loan for an apartment, the question of the cost of insurance at VTB Insurance Insurance immediately arises. But on the official VTB Insurance website there is no calculator for calculating the price of a mortgage policy.
On the websites of other large insurance companies you can use a calculator for calculating insurance premiums at VTB. For example, on the Ingosstrakh or UralsibStrakhovanie page, there is a section with a calculator for calculating the price for an insurance contract at VTB.
2. To get the cost in the online calculator, you must provide the following information:
It is worth remembering that the calculator gives a preliminary calculation of the cost of a VTB insurance policy, because when concluding an agreement to issue credit funds, the bank may oblige you to take out insurance against all risks. Therefore, the exact amount will be determined after clarifying the nuances of the loan.
When calculating the cost of mortgage insurance in the VTB calculator, many factors are taken into account. They can be divided into two groups:
Examples of reducing the cost of insurance include the location of the house in an elite area, the borrower is a woman, whose life expectancy, according to statistics, is longer.
And an increase in insurance premium is associated with confirmation of a chronic disease. When a person engages in mountaineering or other sports in extreme conditions, the cost of the policy increases.
In accordance with the implemented strategy, the company provides protection for the subjects and objects of the contract:
VTB 24 Bank reduces the loan rate when the borrower takes out comprehensive insurance and pays for protection against all risks. But it is possible to conclude an agreement with insurance of one risk - loss or damage to real estate.
The rate under the contract when canceling a comprehensive insurance policy increases by 1%. This condition is mandatory when concluding a mortgage agreement.
If you take out a mortgage with a higher interest rate but no insurance, you will pay less than if you take out a lower interest rate but pay insurance.
It is always useful for a borrower to evaluate the merits of signing an insurance agreement if there is a mortgage with VTB Bank. These include:
When applying for a policy, the client receives complete information on the terms and conditions of apartment insurance, which eliminates the possibility of questions arising in the future.
The VTB Insurance company requests the following documents:
The option of providing other securities is not excluded when the number of borrowers increases or their age is not within standard limits.
On the official website you can leave an online application to obtain mortgage insurance from VTB, follow the steps:
1. Go to the official website at ;
2. In the window that opens, you need to fill in: first name, last name, city, email, phone number, type and purpose of insurance, bank (VTB 24).
An operator will contact you within 30-90 minutes (depending on operating hours) and tell you the details of applying for mortgage insurance at VTB.
The primary step towards purchasing an insurance document is to review the application, which is submitted electronically or during a personal visit to the branch. To send via the Internet, follow the steps:
3. Download the papers to your PC (or print) and enter (print) personal data; 
4. Send the form to a VTB employee, whose email address can be found via the “Employee” link in the same paragraph (Block for concluding contracts).
During the review process, the insurer’s employee will contact the client and make an appointment, notifying him of the package of necessary documents. First, he will request information about the property in order to carry out the procedure for confirming the veracity of the transaction when purchasing real estate. Subsequently, payment for the policy is made.
The Federal Mortgage Law prohibits borrowers from refusing to purchase an insurance policy that protects the risks of their mortgaged property. It is necessary to follow the mandatory principles for issuing a policy. A prerequisite is the procedure for concluding an agreement between the citizen and the insurance company, providing protection in the event of loss of property or damage to the object of the loan agreement.
It is allowed not to pay for life insurance for a mortgage from VTB and protection for situations of loss, restriction of the right of ownership (title). In the absence of this extension in the policy, responsibility is transferred to the shoulders of the borrower. Title protection is considered valid for the first three years of ownership. The statute of limitations subsequently expires.
When a life insurance contract is not concluded, the mortgage interest rate increases. This action is related to risk compensation.
If a person has already taken out insurance, then in accordance with the law, you can terminate the contract in the future:
But first, it is worth assessing the possibility of risks to the borrower’s life or property rights.
Please note: When you sign an insurance policy that includes comprehensive protection, you cannot cancel the contract. This procedure is feasible only for policies that provide protection for a subject or property.
There is no need to sign a policy to protect life and health, as many credit inspectors assure when reviewing applications. The refusal does not affect the quality of the credit history, since the situation described is not indicated in the data submitted to the bureau.
To assess the cheapness, it is worth considering many options by contacting the offices of different companies directly. After all, sometimes insurers carry out temporary promotions to reduce the price of popular contracts that must be executed when taking out a loan for real estate. Popular organizations offering flexible terms are:
And also, many clients note the Alliance company, where it is possible to purchase a policy at a cost of 0.34% of the price of the mortgage agreement.
Today, at VTB Insurance you can purchase a contract at. It implies a reduction in annual payment by 25% if paid at one time.
So, if the client decides to take out a mortgage for 15 years, when the price of the apartment is 3,000,000 rubles, then he will have to pay 91,824.48 rubles. in 5 years. If you agree to a special program, a discount of 18,744.48 rubles is given. All that remains is to pay 73,080 rubles. at one time.
When choosing a company, you should pay attention to the following points:
When weighing the safety, reliability and availability of an insurance company, in most cases a person makes the right choice for himself. You can always purchase a policy on favorable terms, but first you should familiarize yourself with the offers of several insurers.
While the policy is in effect, the person stops making payments. What happens then? The insurance company begins sending notifications about the need for payment.
If the citizen continues to refuse to pay the fees, information about this is sent to the banking organization, which will also begin to harass the client in various ways - SMS messages, letters, calls. In the worst case scenario, the case goes to court.
An insured event occurred, the neighbors were flooded, there was a fire, and so on, first you need:
1. First of all, try to minimize the damage and report it to the relevant government authorities.
The insurance company must be notified within 3 working days from the date of the insured event.
3. They will set up a meeting with a representative over the phone and allow them to inspect the damaged property to assess insurance payments.
Before inspection, you should not touch the damaged property, except to prevent further damage.
4. Prepare a number of all necessary documents for an application for insurance payment:
