VTB Bank offers clients favorable mortgage conditions, but always requires the conclusion of an insurance policy. Clients are often unwilling to spend money on Additional services due to the accrual of significant payments under the loan agreement.
- Property damage risk (property insurance);
- Life and disability insurance;
- Risk of loss of ownership of housing.
Many Internet users prefer to calculate the cost of insurance even before concluding a contract. When taking a loan for an apartment, the question immediately arises of the cost of insurance in IC VTB Insurance. But on the official website of VTB Insurance, there is no calculator for calculating the price of a mortgage policy.
On the websites of other large insurance companies, you can use the 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 online calculator you should specify the data:
- The city where the insurance will be taken;
- Bank name - VTB 24;
- Insurance conditions;
- Enter the loan amount;
- What will be insured;
- Decipher the borrower's date of birth, gender;
- Establish risks.
It is worth remembering that the calculator gives a preliminary calculation of the cost insurance policy VTB, after all, when concluding an agreement on the issue credit funds the bank may oblige to take out insurance against all risks. Therefore, the exact amount is found out after clarifying the nuances of the loan.
What affects the cost of mortgage insurance?
When calculating the cost of mortgage insurance in VTB calculator many factors are taken into account. They can be divided into two groups:
- Characteristics of the premises - the price of an apartment, a list of possible risks, the amount of the first mortgage payment, the location of the real estate, the technical condition of the premises;
- The characteristics of the borrower are age, weight, gender, the presence of serious diseases, lifestyle, sphere of employment.
An example of a decrease in the cost of insurance is the location of a house in an elite area, the borrower is a woman whose life expectancy is longer, according to statistics.
And the increase in the insurance premium is associated with the confirmation chronic illness... When a person is engaged in mountaineering or other sports in extreme conditions, the cost of the policy increases.
What risks does VTB 24 mortgage insurance cover?
In accordance with the implemented strategy, the company provides protection for the subjects and objects of the agreement:
- Loss of life and disability of the borrower, which implies death or disability (disability). As a result, the borrower's relatives or he himself gets the opportunity to close the mortgage loan thanks to the insurance policy.
- Loss or damage to real estate, which is an object loan agreement... The package of risks includes protection from natural disasters, fire, flooding, illegal actions of third parties. In the case of purchasing housing in a new house, you can insure after the registration of real estate in the ownership.
- Termination or limitation of ownership after the purchase of the premises. This risk insured subject to the execution of an agreement with refinancing or payment for real estate in the secondary market, when there is a danger of challenging the ownership.
VTB 24 Bank reduces the loan rate when the borrower takes out insurance in combination and pays for protection against all risks. But it is possible to conclude a contract with insurance for one risk - loss or damage to real estate.
The rate under the contract in case of cancellation of the policy comprehensive insurance increases by 1%. This condition is mandatory when concluding a mortgage agreement.
If you take out a mortgage with more high interest, but without insurance, you will pay less than if you lower the interest, but you will pay insurance.
Benefits of taking out insurance when opening a mortgage at VTB
It is always useful for a borrower to evaluate the merits of signing an insurance contract in the presence of a mortgage at VTB Bank. These include:
- After the purchase of insurance for the borrower, the financial risk in a situation of loss of work or legal capacity;
- It is possible to choose a suitable insurer from the proposed list or submit information on another company for consideration;
- The object of insurance can be both a real estate object in the market of new buildings, and in the secondary market;
- After one year of insurance, it is allowed to change the company.
When the policy is drawn up, the client receives full information on the terms of insurance of the apartment, which eliminates the emergence of questions in the future.
Required documents for buying insurance from VTB
VTB Insurance asks for the following documents:
- Identity documents of borrowers and their copies;
- Medical certificate confirming the absence of serious chronic diseases;
- Reference papers characterizing the balance of the debt on mandatory payments (taxes, alimony);
- Papers characterizing the property (extracts, certificates);
- Loan agreement.
The option of providing other securities is not excluded when the number of borrowers is increasing or their age is not within the standard limits.
Online application for mortgage insurance
On the official website, you can leave online application to obtain mortgage insurance with VTB, follow the steps:
1. Go to the official website of the software;
2. In the window that opens, you need to fill in: name, surname, city, email, phone number, type and purpose of insurance, bank (VTB 24).
The operator will contact you within 30-90 minutes (depending on the opening hours) and tell you the details of the mortgage insurance at VTB.
Step-by-step process of purchasing an insurance policy
The first step towards buying insurance document is the consideration of the application that is submitted to in electronic format or with a personal visit to the department. To send over the Internet, follow the steps:
3. Load papers on a PC (or print) and enter (print) personal data; 
4. Submit the form to VTB employee, email address which can be found under the link "Employee" in the same paragraph (Block for concluding contracts).
During the familiarization process, an employee of the insurer will contact the client and make an appointment, notifying about the package of necessary documents. First, he will request data about the property in order to carry out the procedure for confirming the veracity of the transaction when buying a property. Subsequently, payment for the policy is made.
Is it possible to cancel VTB mortgage insurance?
The Federal Mortgage Law prohibits borrowers from refusing to purchase an insurance policy that protects the risks of mortgage property. Must follow binding principles registration of the policy. A prerequisite the procedure for concluding an agreement between a citizen and the UK is considered, 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 with a mortgage from VTB and protection for situations of loss, limitation of the right of ownership (title). In the absence of this extension in the policy, liability is added to the shoulders of the borrower. Title protection is considered valid for the first three years of ownership. Subsequently expires limitation period.
When a life insurance contract is not concluded, the mortgage interest rises. This action is related to risk compensation.
If a person has already taken out insurance, then in accordance with the law, the contract can be terminated in the future:
- Automatic cancellation in the absence of payments for the first month (30 days) of the mortgage agreement;
- When contacted within the first two weeks (14 days "cooling off period") after signing insurance.
But first, it is worth assessing the possibility of risks to the life of the borrower or property rights.
Please note: When signing an insurance that includes comprehensive coverage, it is forbidden to cancel the contract. This procedure is feasible only for policies that provide protection for the subject or property.
There is no need to sign a policy to protect life and health, as many credit inspectors assure when considering applications. Refusal does not affect quality credit history, since the situation described is not indicated in the data submitted to the bureau.
VTB 24 mortgage insurance: where is it cheaper to get it?
To assess the cheapness, it is worth considering many options by contacting the offices of different companies directly. Indeed, sometimes insurers hold temporary promotions to reduce the price of popular contracts, which must be drawn up when taking a loan for real estate. Popular organizations offering flexible terms include:
- VTB - insurance that allows you to save money through the summed payment for 3-5 years when you first purchase the policy;
- VSK is a loyal system for calculating the premium in relation to the age and gender of the borrower.
And also, many clients note the Alliance company, where it is possible to purchase a policy for 0.34% of the price of the mortgage agreement.
VTB's current mortgage insurance offers
Today in VTB insurance you can purchase a contract by. It implies a 25% reduction in the annual payment on a one-time basis.
So, if the client decides to get 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. With consent to special program a discount of 18,744.48 rubles is given. It remains only to pay 73.080 rubles. at a time.
How not to be mistaken with the choice?
When choosing a company, you should pay attention to the following points:
- Lack of pitfalls, for example, the document states that the applicant will not be able to terminate the insurance contract or will have to pay a high commission;
- Exclusion of some risky situations;
- Compare the pricing policy for the calculation and the terms of protection in several companies.
When correlating the safety, reliability and availability of an insurance company, in most cases, a person does right choice for yourself. Buy a policy for favorable terms you can always, but first you should familiarize yourself with the offers of several insurers.
What happens when insurance is not paid by the borrower
During the validity of the policy, the person stops making payments. What happens then? The insurer begins to send notifications of the need for payment.
If the citizen further refuses to pay contributions, information about this is sent to banking organization who will also start bullying the client different ways- SMS messages, letters, calls. In the worst case, the case goes to court.
An insured event came, neighbors flooded, a fire broke out, and so on, first you need to:
1. First of all, try to minimize the damage and report to the appropriate government agencies.
It is necessary to notify the insurance company within 3 working days from the date of occurrence insured event.
3. They will make an appointment with a representative by phone, let them possibly inspect the damaged property to assess insurance payments.
Damaged property should not be touched prior to inspection unless further damage is prevented.
4. Prepare a number of all necessary documents for an application for insurance payment:
- Identity cards (passport);
- Proof of ownership;
- Originals of the competent authorities (firefighters, Ministry of Emergency Situations, police);
- Confirmation of the amount of damage;
- Details for payment of insurance compensation;
- Application form, which can be downloaded on the official website in the "" section.
"My home is my castle"
We know how difficult and responsible it is to decide to buy a home. Mortgage gives real opportunity to fulfill the dream of improving living conditions.
Mortgage insurance is a reliable protection for the borrower mortgage loan from risks associated with damage or destruction of property, termination and / or restriction of ownership of property, as well as harm to life and health. The insurance company will help fulfill the obligations of the borrower of the mortgage loan to the bank in the event of unforeseen circumstances *.
The insurance covers "structural" elements damaged due to:
Structural defects
Natural Disasters
Falls of flying (space) vehicles
Falling solids
Vehicle collision
Illegal actions of third parties
Title insurance: Risks associated with the termination and / or limitation of your ownership of the purchased property:
Termination of ownership (For example, as a result, the recognition of the transaction as invalid on the basis of a court decision).
Restriction (encumbrance) of property rights ( For example, as a result of the retention of the right to use property by third parties after registration of ownership (based on a court decision)).
Title insurance is especially important if the property is purchased on the secondary market. There are cases when, after acquiring real estate, it turns out (and the insured did not know about this earlier) that the rights of third parties (unaccounted heirs, minor children, previous owners, etc.) were violated in the last or previous transactions. And then, by a court decision, the borrower's transaction may be invalidated. From these and other cases of termination, as well as restrictions on ownership mortgage borrower can protect title insurance.
Personal insurance: Insurance against harm to life and health of the borrower and co-borrowers as a result of accidents and / or illness.
The insurance risks under the contract are:
Death for any reason
Primary establishment of group 1 disability as a result of an accident or illness
A mortgage loan is usually taken for a long term. Personal insurance the borrower will help to ensure the fulfillment of obligations to the bank in the event of unforeseen circumstances related to the life and health of the borrower and co-borrowers.
** We can offer you coverage of a combination of risks, depending on the loan program you have chosen. Usually, for the most complete protection, borrowers choose a package from all the listed risks.
COST OF THE PROGRAM***
Tariffs for each agreement are set individually based on the analysis of documents for the pledged real estate object, and data on the borrower (and co-borrower).
Property insurance - from 0.12% of the insured amount per year.
Property title insurance - from 0.21% of the insured amount per year.
Personal insurance - from 0.125% of the insured amount per year.
For example, the rate for a 30-year-old man / woman who has no health problems would be 0.2427% / 0.1463% of the sum insured this year.
*** The insurer has the right, based on the results of risk analysis when concluding separate insurance contracts, to apply correction factors to insurance rates and individual insurance conditions.
HOW TO CONCLUDE INSURANCE CONTRACT
For your convenience, we have organized the work process in such a way as to save your time and effort.
When concluding an insurance contract for the issuance of a mortgage loan:
· All contacts with the insurance company will be made through your mortgage manager
· You do not have to bring documents to the insurance company - all Required documents a bank employee will send for you.
· The insurance contract you can sign and pay at the time of the mortgage transaction.
When renewing the insurance contract:
· The invoice will be sent in advance to the email address you specified in your insurance application. Pay insurance premium You can at any bank, having previously printed out the invoice.
The insurance service is provided by LLC SOSIETE ZHENERAL Insurance Life, Licenses for insurance SL No. 4079 and SZH No. 4079 were issued by the Central Bank of the Russian Federation for an unlimited period, and LLC "SOSYETE GENERAL Insurance",Insurance licensesSL No. 1580 and SI No. 1580 were issued by the Central Bank for an indefinite period.
For Property Insurance (Risk of loss of or damage to property) and Title Insurance (Risk of termination (loss) or limitation (encumbrance) of ownership of property), the insurer is SOCIETE GENERAL Insurance LLC.
For life insurance of the borrower in case of death for any reason, the insurer is SOCIETE GENERAL Life Insurance LLC.
Borrower's health insurance in case of establishment of the initial determination of Group I Disability - jointly by SOSIE GENERAL Insurance LLC and SOSIE GENERAL Life Insurance LLC (co-insurance).
First of all, we note that, according to the legislation, anylife insurance carried out exclusively with the voluntary desire of the borrower himself. Nobody has the right to force a policy to be made. On the other hand, it is in the interests of both the bank and the client to conclude an agreement to reduce financial risks.
Many are interested in what ... The link contains examples of calculations. In short, for most clients under the age of 50, it is still more profitable to insure, the tariffs are significantly lower compared to the increase in the rate. This allows you to save on the amount of the monthly payment, and, more importantly, to receive payments in the event of death / disability of 1 or 2 groups.
Please note that ... This is a requirement of the Law on Mortgages.
Second important point... It is allowed to buy a policy only from an accredited company. Each bank on its official website is obliged to publish a list of selected insurers. For example, in the list of Sberbank (on May 2019) there are 15 of them, VTB - 20, Absolutbank - 9, Transcapital - only 5. It is clear that the fewer allowed, the lower the chance of finding a profitable option. This creates opportunities for abuse and manipulation. The bank only accepts those who offer a large commission for the sale of policies.
If you think that such lists restrict rights and violate the law, then we will be upset. This practice has been absolutely legitimate since 2009, when the Government of the Russian Federation and the Antimonopoly Service issued a special Resolution. It says in detail about the procedure for admitting borrowers' risks to insurance. More details in the article " ".
When buying an apartment on a mortgage, a bank client has something to worry about, in addition to insurance, but it is nevertheless necessary to carefully approach the registration of the policy - so as not to bite your elbows later.
Credit insurance is one of the engines of the entire market: both life and nonlife. It is this (in addition to OSAGO) that clients most often complain about. The reason is not only that there is a “layer” in the form of a bank between the insurance company and the client, but also in the complexity of this type. Usually the bank requires to insure not only the object of the collateral (apartment or house), but also the life of the borrower, as well as the right of ownership (title). Both the seller (bank) and the "service provider" ( Insurance Company) are interested in imposing the maximum package on the client. And the client, who already has to pay interest on the loan, naturally wants to minimize costs. Let's figure out which of the mortgage package is mandatory and what can be waived.
Let's begin with that the only legally obligatory type of mortgage insurance mortgage insurance is considered - according to Federal Law No. 102 "On Mortgages (Real Estate Pledges)". Article 35 of this law states that if the continuity of insurance is disrupted, the bank has the right to demand early fulfillment of the loan obligations, that is, the return of the entire amount.
Question sum insured- a separate topic, and very important, since the amount of payment under the agreement depends on it. As a rule, in most contracts sum insured equal to the body of the loan (sometimes plus 10-15% to ensure that it will cover everything, including penalties for late payments). This amount decreases with the loan body from year to year. The rule applies regardless of whether you entered into an agreement immediately for the entire loan period or only for a year with subsequent renewal.
However, it is worth considering the possibility of expanding the amount, indicated in the policy, up to the full market value of the apartment. Otherwise, if you lose your home, you will not be able to return your an initial fee on a loan. You can conclude an additional insurance contract not only for the construction, but also for the decoration of the apartment, as well as the property inside it. It is recommended to include also insurance of your liability to third parties, since the damage caused to neighbors from an accident in your apartment, of course, does not include ordinary property insurance. And paying off a loan and paying neighbors for refurbishment can be too much of a burden for a mortgagee.
Life and title insurance is not mandatory by law, so in theory they can be discarded. In practice, however, most banks offer a "preferential" (reduced) interest on a loan at the conclusion of complex agreement mortgage insurance... And if you refuse to insure life, then you may be offered such a rate that you won't even want a loan. Abandoning life and title insurance can reduce the premium by 60-80%, but usually a bank rate increase even by 1.5-2 percentage points negates the savings on this part of the insurance.
In addition, the risk of the borrower's death and disability / disability, in my opinion, is still worth insuring so that debts to the bank do not fall on the shoulders of heirs or relatives who are forced to support the disabled person.
If a bank requires you to issue a policy with a specific company, this is a violation of the Federal Law "On Protection of Competition" and the RF Government Resolution No. 386 - you can safely complain to the FAS. In any case, you should have a choice of insurance companies accredited by the bank.
That is, in theory, you can provide when applying for a loan an existing life insurance contract with a term not less than the term of the loan agreement and for an amount not less than the body of the loan. However, in reality, the bank is unlikely to accept the previously concluded contract with a non-accredited company... First, the insurance documentation (policy and rules) of your personal contract is likely to differ from the one agreed by the bank. Secondly, the bank will definitely not be satisfied that you, and not he, are the beneficiary.
Besides set of risks in a standard life insurance (LI) policy may differ from that required by the lender. For example, in relation to credit insurance, some state banks require the mandatory inclusion of the risk of temporary disability in the contract, which is not included in basic set life insurance risk (death for any reason, death from an accident, disability groups I and II for any reason and as a result of an accident).
Can be concluded with a company rider agreement for insurance of additional risks. For example, cancer insurance or against terrorist acts (usually these risks are not included in the standard coverage of SJ). Many mortgages believe that the policy purchased at the time of the loan will cover risks such as a broken finger or a burn. However, this is a delusion. If you have not entered into an accident insurance contract, you are not entitled to any payments - the finger will have to be treated at your own expense.
It is worth noting that under any additional agreement, you yourself, and not the bank, are the beneficiary. And here is the standard life insurance contract and collateral always in favor of the bank: in the event of an insured event, your loan will be repaid, and the rest of the amount will be received by you or your heirs.
An optional, but desirable, at least in the first three years, type, usually included in the mortgage package, is title insurance, that is, property rights. It is needed in case the contract of purchase and sale of an apartment is invalidated for some reason.
Many banks do not mind taking out title insurance only for the first three years of property ownership. However, at the same time, you need to understand that if the owners of the apartment appear who did not participate in the transaction, but had rights to it (for example, illegally bypassed during privatization), then the risk of its loss will fall on you. According to paragraph 1 of article 181 Civil Code RF, the limitation period for claims for recognizing the transaction as invalid is three years - if one of the parties to the transaction protested it. But in the case of a claim by a person who is not a party to the transaction, the limitation period may not exceed ten years from the date of the transaction.
Cancellation of title insurance will give you the opportunity to save about 0.15% of the loan amount per year (that is, with a loan body of 5 million rubles - about 7,500 rubles). So decide for yourself whether it's worth the risk.
Buying an apartment or country house using a mortgage loan is a modern way to make your dream of your own home come true. Mortgage credit lending almost all offer large banks... Each bank or mortgage company your requirements. We are ready to offer a flexible comprehensive mortgage insurance program that takes into account the requirements of any bank. This will protect your interests during the entire term of the mortgage loan.
Why do you need insurance?
If you cannot repay the loan due to temporary or complete disability - we will pay it.
If your property suffers and needs repairs, then in order to repay your loan, we will pay the bank money in an amount equal to the damage caused.
If for any reason you lose ownership on the purchased property, then we will pay the bank the remainder of your loan. It is possible to insure real estate and property rights not only for the amount of the loan granted, but also for the actual (market) value of the property. In the event of loss of property, such insurance coverage will not only allow you to repay the loan, but will also reimburse all your expenses for the purchase of an apartment, cottage or house.
