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Mortgage Insurance

You have decided to improve your housing conditions and already selected the organization or bank which is ready to disburse you a mortgage loan??

As the lender is interested in timely repayment of the loan,the insurance contract (policy) is one of the mandatory conditions for its receipt.

What can be insured?

collateral insurance (apartments, cottage, detached house, land plots) against fire, natural disaster, wrongful acts of third parties and other perils

borrower’s personal accident insurance

The insurance may additionally cover:

indoor property inside apartments, houses – furniture, equipment, clothes and other property

real estate owner’s third-party liability (to neighbors) during the property management

loss of apartment ownership title

natural disasters

explosion of gas, steam boilers, gas storage facilities, machines and equipment

water penetration from plumbing, sewerage, heating and fire extinguishing systems

wrongful acts of third parties, including the burglary and robbery

Perils insured

The following risks are subject to insurance:

Advantages

Additional indoor property insurance
Guaranteed protection of your property
Insurance for the loan contract period for up to 30 years

Sum insured

The determination of the sum insured is based on the expert appraisal of property.
The basis for determining the sum insured may be the estimated, actual or replacement value of the insured property.
Upon agreement of the parties, other basis for determining the sum insured, for example, the balance or contract value, may be involved.

The cost of insurance

The cost of insurance is estimated after submitting an insurance application to the insurance company.

The insurance contract period corresponds to the loan contract period.
The insurance contract expires after final repayment of the loan debt by the borrower.

Have questions or want to know the cost?

Fill out the form and we will respond within a day.

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