Comprehensive mortgage insurance. Insurance of an apartment when buying a mortgage. ways to save on mortgage insurance

In today's article we will look at such an important topic for many as mortgage insurance - a comparison of rates and conditions. Of course, almost every person who has already dealt with a mortgage or is only interested in this issue has heard about mortgage insurance.

What is mortgage insurance and what is it for?

In general terms, the conclusion of such an agreement is much more necessary for the bank that issued the loan itself than for the person paying it - after all, if some insurance situation occurs, then all monetary compensation will be transferred specifically in favor of the bank (and will be used to repay part or the entire amount mortgage loan. It is for this reason that a number of banks completely refuse to approve mortgages in the event that if a citizen refuses to take out a mortgage insurance policy(and some of the banks work only with a limited number of insurers, or even with only one - the one that is considered the most reliable by the bank).

What are the types of mortgage insurance?

At the moment, each insurance company has its own specific rules and conditions that are put forward when applying for a policy, but all contracts concluded can be divided into three main main groups:

1. property insurance (from damage to destruction);
2. health or life insurance;
3. the so-called "title" insurance (in the event that the loss of various rights to property is possible for reasons independent of the insured).

Of all these three types of insurance, only the first is really compulsory (and title and health insurance can be issued only at the request of the client).

True, in practice there are very often exceptions, and banks refuse to issue a mortgage if their client has not issued insurance policies for two (or even all three) of the above points at once.

In addition, each of these points has its own characteristics when calculating the final amounts - so, property insurance depends from its average market value, location, from whether it was bought in the secondary market or from the developer, total area structure, the material from which the building is made (it is worth noting immediately the very important point — a number of insurance firms refuse to issue policies for wooden houses in view of the high fire hazard in comparison with stone buildings), as well as others.
As for the second of them, the final insured amount also depends on a very large number of factors - the state of health (by the way, for this purpose, the insurer may oblige his client to undergo a special medical examination), age, gender, and even such indicators as dangerous or harmful to health work or the presence of excess weight of the insured (which is also regarded as an increased burden on health - in some cases, the insurance company may refuse even if only this factor is present).
Title insurance is less common, and not for all insurers - some simply do not have this item. As a rule, it includes points about the possible full or partial loss rights to property for one reason or another (not directly dependent on the owner's wishes).

What type of mortgage insurance policy is better to choose?

As mentioned above, only property insurance is mandatory. All other types are conditionally voluntary. That is why, if the bank does not insist on obtaining all possible types of insurance, and the client is only satisfied with property insurance, then in this case, the registration of this policy can be limited.

In a situation where the bank insistently demands availability of a policy for all three indicators, it will no longer be possible to refuse their registration. True, in most cases, insurance companies offer their clients to purchase not three separate policies, but one complex, which includes at once all three types of insurance required for a mortgage loan. As a rule, such a policy is cheaper than three separate ones, and its final price does not exceed 1% of the proposed loan amount.

So which insurer should you choose?

Before considering the list of the most popular insurance companies that can be contacted when applying for a mortgage in 2018, it should be recalled that first you should take a list of its accredited insurers from the bank - as already mentioned, some banks cooperate exclusively with one or two companies. and will not approve a mortgage even if you have a policy from any other major insurer.
So, at the moment, the list of the most popular firms with which you can insure a mortgage is as follows:

1. Sberbank insurance;
2. VTB insurance;
3. Alliance (Rosno);
4. VSK Insurance House;
5. RESO;
6. Ingosstrakh;
7. Rosgosstrakh;
8. Alpha insurance;
9. SOGAZ.

Sberbank insurance- if you draw up a policy for a mortgage in this particular company, then the cost of property insurance will be only 0.25% of the total loan amount. This amount will be automatically added to the balance of the mortgage debt at the end of each year. In addition, if the loan itself is also issued in Sberbank, then property insurance will be sufficient - you will not need to issue a comprehensive policy.

VTB- provides registration of policies for both individual types of insurance, and comprehensively. The latter option will cost on average about 1% of the loan amount. On average, because many factors are taken into account when preparing documents (and a discount is also provided if the insurance is issued for a long time).

Alliance (Rosno)- also allows you to choose between comprehensive insurance and its individual types. Thus, health insurance will cost 0.87%, property insurance - 0.16%, and title insurance - 0.18%. It should be clarified that at the moment, not all banks (including Sberbank) accept policies from this company. The pluses include the fact that, when applying for mortgage insurance in the Alliance, the client receives a significant discount on the registration of other, additional insurance.

VSK- has a rather limited choice of insurance - it will not be possible to issue a comprehensive policy, title insurance is also absent. Health insurance will cost about 0.55% of the mortgage amount (if its size exceeds 4 million, you will need to undergo a comprehensive medical examination), and the amount of real estate insurance is equal to 0.43% (this is nominally, living on the first or last floor, the availability of gas, and not steam heating, as well as many other factors - can significantly increase this amount).

RESO- provides an opportunity to issue health insurance policies in the amount of about 1% of the value of the mortgage, for property insurance - about 0.1% and title - about 0.25% (it should immediately be clarified that this value depends on the bank where the mortgage is issued - for some it slightly higher, for others - a little less).

Ingosstrakh- also has serious differences in the cost of insurance depending on the banks issuing the loan. On average, each type of policy will cost 0.2% of the total amount (complex registration is also possible).

Rosgosstrakh- has quite favorable conditions. So, property insurance will cost 0.17%, life - 0.28% and title insurance - 0.15%. In addition, contacting this company is beneficial because it is accredited by most banks.

Alpha insurance- will allow you to insure property and title rights at a rate of 0.15%, life is a little more expensive. It is also possible to issue a comprehensive policy (however, it is worth noting that they are not accepted by all banks, including Sberbank).

SOGAZ- one of the most profitable insurance companies - its rates are only: health - 0.17%, property - 0.1% and property rights - 0.08%. In addition, this company also allows you to purchase comprehensive insurance.

Summarizing, we give a table that briefly describes all the rates at the above banks (on average, for persons with the same indicators of income and health):

Bank	Property	Health	Title
Sberbank insurance	0,25	1	not available
VTB insurance	0,33	0,33	0,33
Alliance (Rosno)	0,16	0,66	0,18
VSK Insurance House	0,43	0,55	not available
RESO	0,1	0,26	0,25
Ingosstrakh	0,14	0,23	0,2
Rosgosstrakh	0,17	0,28	0,15
Alpha	0,15	0,36	0,15
SOGAZ	from 0.1	0,17

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 the 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 date of birth of the borrower, gender;
• Establish risks.

It is worth remembering that the calculator gives a preliminary calculation of the cost of the insurance policy of VTB, because when concluding an agreement on the extradition 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 the 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 of a chronic disease. 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 right of 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 comprehensive insurance policy is increased by 1%. This condition is mandatory upon conclusion mortgage agreement.

If you take out a mortgage with a higher interest rate, but without insurance, you will pay less than if you lower the interest rate, 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 drawing up a policy, the client receives full information on the terms of apartment insurance, which eliminates the emergence of questions in the future.

Required documents for buying insurance from VTB

VTB Insurance Company asks to present the following documents:

• Borrowers' identity documents and their copies;
• Medical certificate confirming the absence serious diseases chronic type;
• 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 time of work) 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, which is submitted electronically or during 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. Send the form to the 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 required 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 real estate. Subsequently, payment for the policy is made.

Is it possible to cancel VTB mortgage insurance?

The federal law "On Mortgages" prohibits borrowers from refusing to purchase an insurance policy that protects the risks of mortgage property. It is necessary to follow the mandatory principles of the policy. A prerequisite is the procedure for concluding an agreement between a citizen and the UK, 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, the limitation period expires.

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 policy that includes comprehensive coverage, it is prohibited 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. Rejection 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 due to 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 mark the Alliance company, where it is possible to purchase a policy worth 0.34% of the price of the mortgage agreement.

VTB's current mortgage insurance offers

Today in VTB insurance you can purchase an agreement on. 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. All that remains is 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 makes the right choice for himself. 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 the banking organization, which will also begin to bully 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;
• Payment details insurance compensation;
• Application form, which can be downloaded on the official website in the "" section.

All those who decide to take out a loan to buy a home face mortgage insurance. This procedure incurs additional costs for the borrower. We will find out why you need mortgage insurance, where it is cheaper to insure it, and what affects the cost of the service. Additionally, we give short review insurance companies to show where it is better and more profitable to take out insurance.

Insurance is the protection of property interests in the event of stipulated by the agreement events at the expense of the fund collected from paid insurance premiums. Mortgage insurance is designed to protect the interests of both banks and borrowers.

However, banking organizations are more interested in protecting their interests, and therefore they often refuse mortgages to persons who do not want to insure their lives. If the mortgage holder loses the ability to make monthly mortgage payments, the bank loses income. If there is insurance, then it will reimburse the losses.

For the borrower, the services of insurance companies are also useful: having insurance, you will not lose money when a third party appears claiming the right to own an apartment / house.

And in the event of death or disability, the debt will not have to be paid to co-borrowers / heirs. However, insurance requires additional large expenses. Therefore, the reluctance of mortgage holders to take out insurance is understandable.

What are the types of insurance when concluding a mortgage

When obtaining a mortgage, it is proposed to conclude three insurance contracts:

• For insurance of real estate, taken out in a mortgage. it obligatory view insurance, without which a mortgage loan will not be approved by any bank. It is needed to reduce the risks associated with damage or complete loss of collateral (in the event of fire, flooding or other events specified in the contract).
• For health / life insurance. The borrower takes out such insurance for voluntary basis... But the bank in the mortgage agreement often prescribes a clause according to which, if this type of insurance is canceled, interest rate increases by a certain amount. With this, the financial institution insures itself so as not to incur losses in the event of death or disability of the borrower.
• For property rights insurance. When taking out a mortgage on the "secondary", this insurance is optional. There will be no interest increases or fines if you do not want to insure your rights. This agreement is concluded solely to protect the interests of the borrower himself, who in the event of the appearance of third parties claiming housing, may partially or completely lose the right of ownership.

The cost of insurance will depend on the type of insurance and other factors affecting rates.

What type of insurance mortgage policy is better to choose

You only need to insure mortgaged property... Ownership, life and health need not be insured if you are not personally interested in this. But sometimes banks insist on taking out all types of insurance on pain of a mortgage refusal. It is illegal. But reviews on the Internet indicate that it is almost impossible to refuse them. Indeed, the mortgage agreement prescribes sanctions that can be applied in case of refusal.

If you have decided on all three types of insurance, then the most profitable solution is to obtain comprehensive insurance. Then you will be given not three, but only one policy. It will also cost less. Usually its cost does not exceed 1% of the mortgage loan amount.

Insurance companies overview

Mortgage insurance rates are determined individually. Therefore, it is impossible to name their exact value. But we can introduce you to general conditions concluding an agreement with various insurance companies.

A limit is imposed on the cost of mortgaged housing - 15 million rubles. Insurance premiums for pledged property must be made every year at a rate of 0.25% per annum. Interest is taken only on the balance of the principal debt. If the mortgage was issued for 1 million rubles, then in the first year it will be necessary to pay 2500 rubles. As the debt is eliminated, this amount will decrease.

Life insurance accounts for 1% of the debt. In case of refusal, the interest rate on the mortgage increases by the same amount. Therefore, it is impractical and even more profitable to refuse insurance in this case, since the annual insurance premium will decrease over time.

Sberbank does not offer to insure property rights. If you need title insurance, you will have to arrange it yourself.

The premium cannot be refunded when changing the insurer. But you can make a partial refund in case of early repayment of the mortgage.

VTB insurance

In VTB, when obtaining a mortgage for housing, they require complex insurance (all three types of insurance). But instead of three contracts, one is drawn up. If a loan is issued in this bank, then the term of the agreement corresponds to the term of the mortgage, if in another - for 1 year or another period with the possibility of extension.

Insurance costs on average 1% of the mortgage in the first year and 1% of the remaining principal in subsequent years. Discounts are provided when paying for insurance for a period of 1 year or more. When switching to another insurer, the premium is not paid. In case of early liquidation of mortgage debt

In 2017, VTB was late in submitting papers for accreditation. Therefore, it is not yet possible to insure here when applying for a mortgage in another bank.

Here only life / health and real estate are insured. In the first case, the cost of insurance is about 0.55%, provided that the mortgage is issued for an amount not exceeding 4 million rubles. Otherwise, in addition to the health questionnaire, you will have to provide a medical declaration. In the second case, the cost will be approximately 0.43%.

This is one of the companies that pays, when the borrower switches to another insurer, a partial refund of the insurance premium in proportion to the unused period. An absolute payment can be obtained if you refuse to use VSK services within 5 days from the date of the transaction.

RESO

Here the rates depend on which bank you take out the mortgage from. Indeed, for various organizations the payment of various commissions is provided for expanding the client base. Average insurance rates are:

• Sberbank: 1% - life / health; 0.18 - bail.
• Absolut Bank, Raiffeisenbank and VTB: ownership - 0.25%; deposit - 0.1%, health / life - up to 1%.

A full refund can be made no later than 5 days after the agreement is signed. In other cases, upon termination of the contract on the initiative of the mortgagee, only a part of the contribution is paid.

RESO has an action called “ Profitable mortgage". It provides a 40 percent discount for the first year for mortgages and for those who decide to change their insurer.

The average tariffs in the Alliance are:

• 0.87% - life / health;
• 0.16% - deposit;
• 0.18% - ownership.

The Alliance does not insure the mortgage taken from Sberbank due to its lack of accreditation.

Here you can insure at a reduced cost:

• Interior finishing of housing;
• Civil liability to other persons arising from the use of the dwelling;
• Life and health, collateral in order to increase the size of payments in the event of insured events.

Since the regional departments of the company are closed in the regions, you can contact her through the Central Office located in Moscow.

Rosgosstrakh

Approximate rates for mortgage insurance are shown in the table below (on the left - for men, on the right - for women).

Rosgosstrakh can provide individual discounts. They are coordinated with the Central Office.

Every year the amount to pay for mortgage insurance will decrease. You can get a partial refund in case of early liquidation of debt. But 65% of the absolute amount of the premium will be deducted from it without fail. If you want to terminate the contract for a reason not related to the repayment of the mortgage, no refund will be made.

Ingosstrakh

Here you can conclude both individual and complex contracts... Approximate rates have not been announced. But you can bring comparative characteristics for concrete example... We will consider as a borrower a man and a woman 38 years old who do not drink, do not smoke, do not have serious diseases, and are employed. As a dwelling - an apartment on the 5th floor, which in history has only 3 owners. The volume of the mortgage is 8 million rubles. We will indicate the approximate cost for men - on the left, for women - on the right.

On average, mortgage insurance for women is 30-40% cheaper than for men. At Sberbank, the contract must be renewed every year. At VTB, an agreement can be concluded for the entire duration of the mortgage.

There is a discount in Ingosstrakh. When changing the insurer, 5-15% are thrown off. And on voluntary insurance discount 20% if you insured a mortgage with this company.

Here, too, you can choose between individual or comprehensive insurance. For Sberbank, there is a tariff equal to 0.18% of the mortgage loan. The contract is concluded for 1 year and is renewed annually as required. Only the collateral is insured, and Alfa Insurance has not been accredited for life and health.

Tariffs for VTB and other banks are not indicated. Therefore, let's return to the example from Ingosstrakh and indicate the approximate cost of insurance:

• Life / health: 46.9 thousand rubles. for a man and 30.5 for a woman.
• Deposit: 9.2 thousand rubles.
• Ownership - 12 thousand rubles

An absolute or partial refund is made under the same conditions as for VSK Insurance House.

SOGAZ

Here the borrower will receive reduced rates and an expanded base of insurance claims. You can also insure furniture, plumbing, decoration and civil liability for only 1150 rubles. Rates for the main types of mortgage insurance:

• Life and health - 0.17%;
• Collateral property - 0.1%;
• Ownership - 0.08%.

It is possible to make a return of insurance only after the full payment of the debt and interest. Upon termination of the agreement by the borrower for other reasons, a refund is not possible.

Why mortgage insurance can rise in price

The total cost of mortgage insurance is calculated taking into account the rates established by the insurance company. The size of the tariff is increased by factors that increase the risk of property damage or disability / death of the borrower. Find out what else can lead to a rise in price different types insurance.

The cost of life insurance for obtaining a mortgage is affected by:

• Gender. The average life expectancy of women is longer than that of men. Therefore, rates for life insurance for women are 30-50% lower.
• Age. The less the borrower is, the lower the rate. At 25 years old, you will need to pay for life insurance 5-10 times less than at 50. And a 60-year-old may be denied insurance. For them, only certain insured events related to accidents are provided.
• Profession. For people working in extreme conditions, the cost of insurance will be maximum. This includes police officers, rescuers, and the military. Life insurance for office workers will cost the least.
• Health. In life insurance, the borrower fills out a health questionnaire to obtain a mortgage. All existing diseases must be indicated in it. You cannot hide them. If this is done, then in the event of disability or death associated with latent pathologies, the payment will be refused. The more serious the mortgagee's illness, the more life insurance will cost him.
• Body mass index (BMI). Excess weight is the cause of many diseases that shorten a person's life. Therefore, many insurance firms are raising rates for people with high BMIs.
• Sportsmanship. If the borrower is fond of extreme sports, the rates increase.
• Commission of the bank. A banking organization may want to receive money not only for providing a mortgage, but also for attracting a new client to the insurance company. She can ask for any percentage of the transaction, be it 10%, 40%, or even more. This commission is added to the general rates and is included in the total cost of insurance, which is paid by the borrower.

The price of insuring collateral when obtaining a mortgage depends on the following factors:

1. Dwelling type. It is cheaper to insure an apartment in a high-rise building than a private house on a plot.
2. Year of construction. Rates increase with the age of the building. Not every company will undertake to insure housing built in 1955 and earlier.
3. Wall and floor material. Tariffs for wooden structures are higher, since they have a shorter service life and a greater likelihood of deterioration for various reasons.
4. The presence of open sources of fire. If they are, then the price of collateral insurance will be higher.

Property rights affect the cost of insurance:

• The number of transactions performed with the object. If ownership has been transferred from one person to another many times, then the risk of a third party claiming housing is increased. Therefore, the more transactions there were before, the higher the tariffs.
• The age of the property seller. Tariffs are increased if there are elderly or young people among sellers who have not reached the age of majority. The insurance company may request a mental health certificate from the seller.
• The duration of the residence in the possession of the previous owner. Insurance companies rarely insure apartments / houses that have been in ownership for less than 3 years. If they undertake to do this, they raise tariffs.

The price for comprehensive insurance will be calculated using the formula: PSS = SI * (TZH + TZI + TPS).

Symbols:

1. PSS - the total cost of insurance;
2. SI - the amount of the mortgage;
3. TZHZ, TZI, TPS - tariffs for life and health, collateral and property rights, respectively.

Calculation example:

• SI = 5 million rubles.
• TGZ = 0.2%;
• TZI = 0.1%;
• TPL = 0.1%.

Then the price for comprehensive insurance will be equal to: PSA = 5,000,000 * (0.2% + 0.1% + 0.1%) = 20,000 (rubles).

An example is given to understand the principle of calculating the cost of insurance for a mortgage. Tariff values ​​in your case will be different.

Tips - How to save money and insure cheaper mortgages

There is no one insurance company in which it would be more profitable for everyone to insure. Different companies have different approaches to calculating risks. Therefore, their tariff policies are also different. And if, according to your neighbor or an advisor on the online forum, in a certain company he managed to get insurance cheap, this does not mean that it will be profitable for you to get insurance in the same place.

The following tips will help you save on protecting property interests when applying for a mortgage:

1. Don't sign for insurance at the bank. Usually banking organization when issuing a mortgage, she offers to insure herself with a certain company she trusts. But according to the legislation of the Russian Federation, the bank is obliged to accept insurance from any insurance company that has passed the accreditation. But the borrower does not know his rights well, so he often agrees to conclude a collective bargaining right in the office. However, the insurance premium in this case can be 2-3 times more than if the insurance was issued in another company. The margin is formed in connection with the commission that the bank asks from the insurer for attracting a new client.
2. Let a female person be the main borrower. The cost of insurance for women is lower than for men. If you have already applied for a male person as the primary mortgagee, you can try to replay the situation. However, be prepared that the bank will not meet halfway.
3. Take advantage of the features of the program "Transition". Insurance is issued for a limited period. If during this time the mortgage has not been paid, then the contract is extended. But you can choose another insurance company to renew. During the transition, many companies offer discounts of 10-15%. If you wish to use a competitor's services, the old company may also offer you a reduction in the cost of insurance. But in the case of Sberbank, this is impossible.
4. Get a discount if you are already a client of the insurance company. Insurers do regular customers discounts. If you already have a home or car insured somewhere, try insuring your mortgage there. Let us know that you already have a policy from this company. When applying for a mortgage at Sberbank, this advice is not applicable.
5. Get a discount if you are an employee of a corporation that is a client of an insurance company. Large firms arrange voluntary medical insurance for their employees. If you are one of these employees, you may qualify for a life insurance discount for a mortgage.

By choosing the most suitable insurer, you can save a significant amount of money. But make sure that the decrease in the cost of insurance does not occur due to the exclusion of insured events from the contract.

If you insure yourself only against accidents, then in the event of death or disability due to illness, no one will pay the insurance. Despite the low cost, such transactions should be avoided in order to protect yourself from all possible risks.

Mortgage insurance is a way to protect the financial interests of the borrower to repay the loan in the event of unforeseen circumstances and one of the mandatory requirements of banks and other credit organizations that issue mortgage loans and loans.

Ingosstrakh offers its clients comprehensive mortgage programs developed and agreed with banks and credit institutions.

Remember that the presence of a policy is required to be submitted to the bank, and the choice of an insurance company is always yours.

At the same time, the cost of the policy may also differ depending on the chosen company, so we advise you to find out how much it costs to insure a mortgage using our calculator.

Structural elements

Insurance against fire or explosion, unlawful actions of third parties, destruction as a result of natural disasters, etc.

Borrower's life and health

Temporary incapacity for work, group I or II disability or death of the borrower / co-borrower due to an accident or illness

Loss of property

Recognition of a transaction invalid, return of property former owner

What you need to know to get a mortgage insurance policy?

Policy filling

When applying for a mortgage or loan, an insurance policy may be required, which will include one risk or a set of them:

1. Insurance of the collateral (apartment, house). Only structural elements are insured.
2. Death and disability of the borrower / co-borrower.
3. Title insurance.

Further maintenance of the mortgage policy:

When concluding a long-term mortgage insurance contract with Ingosstrakh, you can pay your next installments online on our website or in your personal account.

Bank conditions:

According to the requirements of some banks, the insured amount can be increased by 10-15% to the loan amount / loan outstanding balance.

Rosvoenipoteka

A special insurance product for clients purchasing housing under the Military Mortgage program.

• Apartment insurance.
• Only structural elements are insured.
• Sum insured from 200,000 to 5,000,000 .
• A military mortgage insurance policy is necessarily accepted by such banks participating in the program as Promsvyazbank, Zenit, Sberbank. The product is recommended for use by FGKU Rosvoenipoteka.

How to get a mortgage insurance policy?

How it works?

When concluding an agreement with a credit institution, one of the mandatory points is the provision of an insurance policy. Usually it is needed at the time of issuing credit Money.

Check with the bank for coverage requirements, or apply for a policy online (if the bank's requirements are met) and simply submit the policy to the credit institution.

The advantage of insurance for mortgage lending in Ingosstrakh

Ingosstrakh is accredited in most credit institutions.

Decision on full cost a policy with a full set of documents is accepted for 1 business day.

The signature and payment of the policy - in our office, at a transaction in a bank or in the office of your representative.

What documents are needed?

1. When insuring a pledged item - a loan agreement and documents confirming ownership, a copy of the report of an independent appraiser.
2. For life insurance - an application for insurance of the Borrower and (or) the Co-Borrower. It needs to be sent by email. If necessary, the insurance company can send for a medical examination or request additional medical documents.
3. When insuring a title, provide copies of the title deeds for the pledged object.

What affects the cost of mortgage insurance?

1. Requirements of the creditor bank in terms of volume insurance coverage.
2. The size of the mortgage loan.
3. Age and gender of the borrower / co-borrower, health status.
4. The type of the pledged object and its specifications- material of walls and floors, structural wear. Object status - completed and whether the house has been commissioned. If the house has not yet been put into operation, only life and health insurance will be required, and if the house has already been rented out or you are purchasing secondary housing, lenders will also require insurance of the object itself - an apartment, house or other real estate.
5. The number and nature of previous transactions on the property (if title insurance is required).

The average tariff on the market, depending on the coverage and the selected lending bank, is 0.6–1%. For an accurate calculation, send an application for insurance.

Important! The insurance rate for complex mortgage insurance is formed from the sum of rates for each type of insurance included in the program.

Insurance policy for a mortgage: when is it needed?

Insurance for mortgage lending- one of the conditions for obtaining a loan from a bank. The presence of the policy guarantees the financial institution a refund of funds, regardless of the circumstances that have arisen. You can insure both the property itself and the life and health of the borrower (in the event of his premature death, disability or illness of the insured, the bank will receive compensation under the insurance contract in one amount or another).

Home insurance for a mortgage does not cover the entire value of the acquired property, but only the part that the buyer borrows from the bank. If the amount is partially paid by the accumulated money (for example, 30% of the cost of housing), the policy is issued for the remainder of the debt (70%).

Why do you need to insure the life of the borrower when applying for a mortgage?

Mortgage life insurance is not required in all cases. Each bank itself establishes the conditions for the provision of a mortgage. Usually a policy is required when buying a home under construction.

Since the mortgage is issued for a period of up to 10-15 years, there is a high risk that the borrower may get sick, get injured and become unable to work. Therefore, it will not be able to pay off the debt in full. To protect the property interests of both an individual and a bank, a mortgage insurance life and health. In case of illness, the insurance company compensates for a part of the mortgage payment, proportional to the period of being on sick leave, in case of complete disability or death - the entire balance of the mortgage.

Mortgage risk insurance

Ingosstrakh provides mortgage insurance in three main areas:

• Property (collateral) insurance... It is designed to protect mortgage property, in this case, the insured event means damage or complete destruction of the object.
  • Damage refers to the breakdown of windows, doors, walls and other structural elements.
  • The following events are included in the list of insurance coverage:
    • fire;
    • unlawful behavior of third parties;
    • harm caused by natural disasters;
    • hidden damage to the structure;
    • flooding;
    • explosion of gas or places of its storage, transportation, used for solving household, industrial needs.
  • The contract may, among other things, include insurance for interior fittings and engineering equipment or minimal repairs.
• Title insurance, which implies protecting the interests of the lender and the borrower in the event of loss of ownership of real estate due to intentional, illegal or dishonest actions, events during the course of the transaction or before its conclusion. That is, in case the transaction is declared invalid for one reason or another.
• Borrower's life and health insurance, which includes the execution of an agreement in the event of death, illness or disability of the borrower / co-borrower. It is an additional security in the execution of a loan agreement for a long term and is drawn up, as a rule, at the stage of unfinished real estate construction.

Insurance mortgage risks refers to a prerequisite for issuing target loan and is a guarantee for the bank and the borrower in case of unforeseen circumstances. On the Ingosstrakh website, you can purchase a ready-made program or select the settings that meet the bank's requirements when issuing a policy.

Actions in case of an insured event

What to do in the event of an insured event?

Upon the occurrence of an insured event, the Policyholder is obliged to perform the following actions:

1. Immediately report the incident to the competent authorities.
2. Immediately, no later than 3 business days (in case of an insured event under personal insurance - no later than 31 business days) after the occurrence / detection of the insured event, notify the Insurer.
3. Inform the Insurer in writing all information and submit the documents to the competent authorities.
4. Save the damaged object unchanged until it is inspected by company representatives.

How many times do I have to pay my mortgage insurance policy?

For annual policies the premium (cost of insurance) is paid in a lump sum at the conclusion of the contract, for perennial policies- by annual installments in the same period of time.

Pay your installment on time!

If the initial insurance premium has not been paid, the mortgage home insurance contract is deemed to have not entered into force and the Insurer is completely exempted from paying the insurance indemnity in the event of an insured event.

If the next (annual) insurance premium has not been paid, a notice of termination of the contract is sent to the client, and it is terminated. In addition, a copy of this notice is sent to the bank, which has the right to revise the terms of the loan agreement (increase the interest rate) in connection with the failure of the borrower to fulfill his obligations to service the loan.

Apartment insurance

Apartment insurance

When the renovation is completed and you start life in a new apartment or house, it's time to insure the finishing in it.

Home / summer house insurance

Home / summer house insurance

If you have a mortgage insurance policy, you will receive a policy discount for country house.

Civil liability insurance

If you have to renovate or redevelop a new apartment, it's time to think about responsibility to your neighbors.

1. What is a mortgage?

   Mortgage - no collateral movable property(apartment, country house, townhouse, etc.). It remains in the ownership of the borrower of the mortgage loan, he has the right to live in it, even rent it out. But if the borrower fails to fulfill his obligation (debt repayment), the lender has the right to return the issued loan / loan through the sale of this residential property.

2. What is mortgage insurance?

   This is an insurance product (one or more), which is necessary to additionally provide the bank with the repayment of the loan. For the borrower, real estate insurance with a mortgage provides a guarantee of settling the relationship with the bank on a loan in the event of force majeure situations. Mortgage insurance includes, first of all, home insurance against the risks of physical death or damage, life and disability insurance of the borrower and co-borrowers, as well as insurance against the risk of loss of ownership of real estate(title insurance). The bank may put forward a condition on insurance of two or three types within the framework of one policy or only one type: property - mandatory for a transaction in the secondary market by virtue of the Federal Law “On Mortgage”; life is mandatory when purchasing an apartment during the construction phase.

3. What is title insurance?

   Insurance of the risk of loss by a bona fide purchaser of an insured property due to deprivation of ownership for reasons beyond the control of the policyholder, on the basis of a court decision that has entered into legal force.
   Loss of ownership may occur if the transaction was executed with violations, the buyer faced fraudsters. More often, the danger lies in wait for those who buy secondary housing: for example, the seller can sell an apartment without the consent of relatives who have the right to a share in the apartment. After a while, this relative can go to court. The court, on the basis of the documents available to the applicant, has the right to order the return of all housing or a certain area to him.
   If you have a title insurance policy in the event of such judgment the insurance company will pay the remaining mortgage debt to the bank.

4. How long is the mortgage insurance contract?

   In practice, a mortgage insurance agreement is concluded for one year or for the entire term of the loan agreement with an annual renewal. The duration of the mortgage insurance is determined by the requirements of the lender. As a rule, it is equal to the term of the loan agreement.

5. Until what moment is it necessary to have valid insurance housing with a mortgage?

   Until the loan to the bank is fully repaid.

6. Is it possible to postpone the payment of the insurance premium / regular installment?

   When concluding the initial policy and when obtaining a loan - no, the presence of a paid policy is a prerequisite for issuing a loan. When purchasing an annual policy for the next (not the first) year of lending, this issue must be discussed with the bank, and a postponement is allowed only by written agreement with it.

7. What happens if the insured event occurs during the deferred payment of the insurance premium?

   The insurer has the right to send the Insured a claim for early payment of the deferred amount of the insurance premium.
   If the deferred premium is not paid within 10 calendar days from the moment the demand is sent, the contract is considered not to have entered into force.

8. What happens if, on the date of the insured event, the insurance premium under the contract has not been paid in full, but there is no delay in the payment of premiums?

   At the written request of the Insurer, the Policyholder is obliged to pay the insurance premium within 10 calendar days up to the amount specified in the contract for the entire insurance period.
   This document may also provide that in case of partial payment of the insurance premium, the Insurer deducts the amount of overdue contributions from the amount of insurance compensation / payment.

9. Is it necessary to come to the office of the company to apply for a home insurance policy for a mortgage?

   Variants are possible: for primary transactions in the bank, the insurance contract can be agreed upon by you and the insurer's employee remotely via electronic means communication either with the assistance of the employees of the bank issuing the loan, or with the help of a person representing the interests of the client (realtor). In this case, the originals of the policies, signed by the Insurer, will be delivered by the courier for the transaction to the bank for signing by the clients. With certain parameters of the insurance object and for individual credit organizations, the policy can be issued through the official website of the company in the form of an electronic document. In other cases, the presence of the Insured in the office is necessary.

10. What if I lost my mortgage insurance policy during its validity period?

    You must contact the Ingosstrakh office, where a duplicate is issued on the basis of your written application. You must first call the insurance company and agree on the receipt of this document.

11. Is it possible to change the terms of the contract?

    Yes, by agreement of the parties. The parties are obliged to notify the beneficiary, the bank, of any changes to the insurance contract.

12. Is it possible to replace the beneficiary during the term of the contract?

    According to the terms of the loan agreement, the bank that is the holder of the loan or mortgage must act as the beneficiary for all types of insurance. If the loan (mortgage) is redeemed by another financial institution, the beneficiary of the policy changes automatically, no additional notifications or agreements between the parties are required. If the lending bank changes (when refinancing), then you need to contact the insurance company to renegotiate the insurance contract.

13. Where can I get confirmation of payment for the bank?

    It is necessary to write a request to Ingosstrakh for the issuance of such documents, be sure to indicate the number of the contract and the date of payment.

14. Is it possible to sign an additional agreement to the agreement at any Ingosstrakh office?

    This can usually only be done at one of the central offices. Before visiting the office, be sure to check if it serves mortgage insurance policies.

15. How and where can the invoice be paid?

    Online on our website, in any bank convenient for you, through payment systems Western Union, Cyber ​​Money (Russian Post), at the Ingosstrakh cash desks located in the company's central offices.

16. If I made an early partial repayment, you can recalculate the cost within grace period or in the middle of the year?

    It is possible to take into account the early repayment only on the date of the renewal or the next installment. Early repayment during the year will be taken into account and recalculated for the next year of insurance. The next unpaid installments are subject to recalculation.

Refund limit

Established in the insurance contract limit size insurance indemnity payments for the entire insurance period, after which the insurance contract is terminated.

Insurance premium

Insurance fee to be paid by the policyholder or his representative.

Insurance risk

The anticipated event, in the event of the occurrence of which an insurance contract is concluded.

Insurance case

An accomplished event from among those stipulated by the insurance contract and entailing the obligation of the insurer to pay insurance compensation.

Franchise

The part of the damage determined by the contract that is not subject to compensation by the insurer, established as a percentage of the insured amount or in fixed monetary terms.

Insurer

Insurance organization created in accordance with the law Russian Federation to carry out insurance activities and received a license to carry out the relevant type of insurance activities in the manner prescribed by law.

Insurance contract

An insurance contract is understood as an agreement between the policyholder and the insurer, according to which the insurer, for a fee (insurance premium) stipulated in the contract, upon the occurrence of an event (insured event) provided for in the contract, undertakes to reimburse the person in whose favor the insurance contract was concluded, within the limits of the insured amount determined by the contract, caused by of this event, damage in the amount (limitation) and in the manner determined by the rules and / or the insurance contract. An insurance contract is a combination of an insurance policy and the text of the insurance rules on the basis of which it was concluded, as well as annexes to insurance policy(if available).

Insurance rules

Insurance conditions defining the rights and obligations of the parties under the insurance contract, the insurance object, the list of insured events and the exceptions under which the insurer is released from liability. The text of the insurance rules is integral part insurance contract.

The insured

A legal or capable individual who enters into an insurance contract for his own benefit or for the benefit of a third party (beneficiary) and pays insurance premiums under such an agreement. The conclusion of an insurance contract in favor of the policyholder is possible only if the policyholder has an interest based on the law, other legal act or contract in the preservation of the insured property. When concluding an insurance contract in favor of the beneficiary, the policyholder may not have a property interest.

Territory of insurance

The territory (country, region, route, etc.) defined in the insurance contract, within which an insured event occurred during the validity period of the insurance contract entails the insurer's obligations to pay insurance compensation. For property objects and civil liability the territory of insurance is the address of the location of the property; for insurance of civil liability for the actions of animals, the territory of insurance is the territory of the Russian Federation.

Incomplete proportional insurance

The condition of incomplete proportional insurance means that the insured amount specified in the contract is lower than the insured value of the property and the insurance indemnity is paid in the same proportion to the amount of damage in which the insured amount was related to the insured value.

Incomplete insurance

The condition of incomplete insurance means that the sum insured specified in the contract is lower than the insured value of the property. In this case, the payment of insurance compensation can be made both taking into account the ratio of the insured amount to the insured value (incomplete proportional insurance), and without taking into account this ratio (incomplete disproportionate insurance).

Full insurance

The condition of full insurance means that the insured amount specified in the contract is equal to the insured value of the property

Incomplete disproportionate

The condition of incomplete disproportionate insurance means that the insured amount specified in the contract is lower than the insured value of the property and the insurance indemnity is paid without taking into account the proportion in which the insured amount was related to the insured value.

Gradual decrease original cost property in the process of its use.

Compensation system

The compensation system means the procedure for accounting for wear and tear on replacement materials / parts in case of partial damage to property: the "New for the old" compensation system assumes that no wear is charged on replacement materials / parts for partial damage (payment is equal to the cost of new parts), the "Old for the old "assumes that for the replaced materials / parts in case of partial damage, depreciation is charged during the operation of the damaged property (payment is equal to the cost of new parts minus wear for the period of operation)

Insurable value

Valid, actual cost property for insurance purposes. Various methods are used to determine the insured value. economic assessment, as a rule, when insuring suburban real estate, finishing and engineering equipment, the insured value is equal to the replacement value (including depreciation), and when insuring movable property, structural elements of apartments / townhouses - to the market value (minus depreciation).

What is real estate insurance when applying for a mortgage? Where can you get the cheapest mortgage insurance? How much does apartment mortgage insurance cost?

Hello dear readers! Welcome to the online magazine "HeatherBober" and I, an insurance expert, Denis Kuderin.

V new article I will talk about mortgage insurance. The material will be useful to everyone who buys housing on a mortgage, as well as to those who are interested in current financial issues.

And now - in detail and in detail for each item.

1. What is mortgage insurance and when is it needed?

Buying real estate with a mortgage is a risky and lengthy undertaking. Loan amounts are repaid for years - no one can predict in advance how the situation with debt repayment will change in six months, a year, or five years.

For this reason, both parties to the mortgage agreement are trying to protect themselves from possible losses. To reduce the risks of borrowers and credit companies, the state introduced required condition when registering a mortgage - insurance.

Some believe that mortgage insurance takes into account only the interests of lenders: banks want to protect themselves from the loss of a borrower from a solvent status.

However, such insurance brings certain benefits to the recipients of the loan. After all, to guarantee home buyers the presence of a permanent income, especially in conditions of permanent economic instability, nobody can.

Each borrower can lose his job, get sick, get into an accident. And the apartment itself can suffer from fire, flooding and other unforeseen factors.

In addition, full mortgage insurance will help you get a loan on more favorable terms: banks are much more loyal to customers who choose the entire range of insurance services.

So, mortgage insurance Is insurance against the risks of lenders and borrowers. In modern Russian lending, this is mandatory procedure when buying a home with a mortgage.

None financial institution will not give you a loan without a policy. At the same time, real estate (collateral) insurance acts as a guarantee of security for the lender, and insurance of the health, life and solvency of the borrower protects the interests of the client.

Thus, both parties are interested in the deal. Another thing is that bank employees know much more about insurance than an ordinary citizen and often insist on the terms of an agreement that are most favorable and beneficial for a financial institution.

This is why it is useful for loan recipients to research mortgage insurance in advance - this will reduce unnecessary expenses and help protect their property interests.

The borrower is required by law to insure only the pledged item. All other types of insurance are optional.

But this is in theory, but in practice, banks usually require borrowers to insure along the way:

• life;
• ability to work;
• title(ownership of the property).

To agree to the terms of creditors or not is a private matter for everyone. For obstinate clients, the bank can easily raise the mortgage interest rate.

The term of the policy is equal to the expected term of payments. The sum insured is equal to the size of the loan or the market value of the home. Payments are charged once a year. When the time comes for payments, the bank informs the company of the current amount of the debt, and the insurer calculates the amount of the premium.

2. Classification of mortgage insurance - TOP-3 main types

Since the object of the mortgage agreement is real estate, it is she who is assigned the main role in insurance procedures. Other types of mortgage insurance are just ancillary products aimed at reducing the additional risks of lenders and borrowers.

However, all types of mortgage insurance are worth exploring.

View 1. Home insurance

Obligatory type of insurance when applying for a mortgage. Real estate is insured against damage and total destruction. If an insured event occurs, the mortgage is repaid at the expense of compensation for the damage by the insurer.

Insured events include:

• fires;
• natural disasters;
• household gas explosions;
• sewerage and water supply systems failures;
• illegal and hooligan actions of third parties;
• vandalism.

The policyholder is obliged to immediately notify the insurer about the occurrence of such cases and file an application with the company. Each incident requires expert review and confirmation.

Example

A fire broke out in the apartment, which damaged the structural elements of the dwelling. Losses are reimbursed not by the owner of the apartment, and not by the bank with which the apartment is pledged, but by the insurer. True, evidence should be provided that the fire was not the result of deliberate actions of the borrower or other interested parties.

Not all cases of damage and destruction of real estate fall into the category of insurance. For example, if the apartment was damaged as a result of hostilities, a nuclear explosion, mass strikes and pogroms, the insurer has the right not to pay damages.

View 2.

If the policyholder is unable to repay the mortgage loan due to serious illness, disability, serious injury or disability, the insurance company undertakes to indemnify the bank for the damage.

In the event of the death of the borrower, the insurer releases relatives and friends from loan payments and takes debentures to myself. The insurance does not work if death or disability was the result of willful self-harm or suicide. Injuries sustained while intoxicated or under the influence of drugs also do not count.

This type of insurance is optional, you can refuse it if you wish. However, banks often do not leave borrowers with a choice: either they insure life, or the loan rate will be 1-3% higher.

View 3. Title insurance

Title insurance protects the interests of banks that may be affected if a borrower loses ownership. Such insurance is not issued in all situations, but only in cases where the lender identified additional risks when examining housing documents.

Example

A year after buying a home on the secondary market, it turns out that the seller's son, who was absent from the city at the time of the transaction, has the right to own it. The litigation on this issue can drag on for many years, but the insurer will cover any losses of the bank in a timely manner.

The title insurance contract is concluded either for 3 years or for the entire loan term.

More information on the protection of housing - in the articles "" and "".

3. How to insure your mortgage - 5 easy steps

Each self-respecting bank has a pre-compiled list of insurance partners, to which managers refer borrowers.

Citizens should remember that choosing an insurer is their personal and voluntary affair. Any recipient of the loan has the right to refuse the insurers recommended by the bank employees and choose the company at their own discretion.

Why is it important? It's simple - rates in different insurance companies differ, sometimes significantly. Meanwhile, even tenths of a percent in relation to mortgage amounts over the years turn into tens of thousands of overpaid rubles.

So - be careful.

Step 1. Finding the right insurance company

When choosing an insurer, proceed with extreme caution. Study the situation in the insurance market in advance. Reliability, solvency and the insurance conditions themselves are important.

Other important parameters:

• work experience of the insurer;
• price policy;
• rating by independent organizations;
• availability of preferential offers and promotions.

Any means of lowering the interest rate on contributions is worth using. It is advisable to act through insurance broker- a professional who will select the most profitable options for you.

Additional information - in the article "".

Step 2. Choosing the type of insurance

A couple of years ago, when issuing loans, banks demanded compulsory insurance not only the property, but the life and work ability of the client.

However, Rospotrebnadzor saw in this practice a violation of consumer rights and demanded amendments to the “Law on Mortgage”. Now, only the collateral insurance (that is, the apartment itself) remains a mandatory item for the borrower.

All other types of insurance are a matter of the client's personal choice. In practice, it is not always possible for borrowers to enforce rights. So, after giving up life insurance, be prepared for pressure from bank employees.

At the very least, the manager will lecture you on the importance of comprehensive insurance, in the worst case, you will get an increase in your mortgage rate. Banks cannot directly refuse to issue a loan due to refusal to insure their ability to work and life. But it is in the interests of the client to yield to the requests of the employees if there is a direct danger of an increase in the commission.

Step 3. Determining the possible risks

Disability and health insurance is especially important for people who, at the time of taking out a mortgage, already have serious chronic diseases fraught with dangerous complications.

In such cases, the risk of non-repayment of the loan really increases, and the purchase of comprehensive insurance is really an expedient and necessary step.

Economic risks should also be taken into account: for example, if you are not confident in your employer, it is better to protect yourself from losing your job and your main source of income.

Step 4. Collecting documents

Mortgage insurance is issued fairly quickly.

The list of documents is standard:

• borrower's passport;
• purchase / sale agreement;
• certificate of ownership of the apartment;
• medical certificates about the state of health (if necessary);
• application (questionnaire).

Sometimes the insurer asks for additional papers - certificates from the BTI, extracts from the house register, an act of real estate appraisal.

Step 5. We sign an agreement

When signing an agreement, first study all of its points. Even small print entries and notes deserve attention.

Remember that a mortgage loan is paid for years and even decades: every omission in insurance contract potentially dangerous for your pocket. Unaccounted tenths of a percentage of the contribution over time are embodied in thousands of rubles.

So I repeat - be careful! Banks and insurers act in their own interests, your task is to secure your own finances and property.

4. What determines the cost of mortgage insurance - 4 main factors

The cost of a comprehensive insurance package is calculated as a percentage of the loan amount. In different firms, this figure varies from 0.5 to 1.5% per year. It will be even more expensive if you insure each risk separately.

Tariffs are calculated individually for each client. The amount of insurance is influenced by many factors - consider the most important of them.

Factor 1. Gender and age

For young people, the cost of insurance is minimal. Men always pay slightly more for insurance than women. This is standard practice for any policy. The rates are also influenced by the profession of the insured. The more dangerous it is, the higher the coefficient.

Factor 2. The health status of the policyholder

With life insurance, you will need a medical certificate of health status. If the company becomes aware that the client has withheld information about the presence of a serious illness, payments may be denied upon the occurrence of an insured situation.

The questionnaire contains items related to bad habits and lifestyle. It is better to answer such questions as objectively as possible - there will be fewer problems with representatives of insurance companies in the future.

Even indicators of height and weight are taken into account. If the ratio is higher or lower than the norm, tariffs also increase.

Factor 3. Accommodation type

When insuring real estate, the type of housing matters. The condition and material of the floors, the status of the apartment, the number of rooms, the geographical location of the apartment, the presence of gas stove and other objective indicators.

Factor 4. Loan amount

The larger the loan amount, the higher the interest rate on insurance premium... As the loan is repaid, this indicator decreases, since it decreases total amount debt.

The table will give a clearer idea of ​​the formation of the price of insurance services:

5. Offers for mortgage insurance on the best terms - an overview of the TOP-5 companies for the provision of services

Dozens of large and small companies are engaged in mortgage insurance. From the right choice insurance partner directly depends on your financial security.

We offer an overview of the five most reliable Russian insurers.

A versatile insurance company with many years of experience. The company was founded in 1947. It is constantly included in the TOP-10 of the best insurers in the Russian Federation. It occupies the highest lines in the official and "national" ratings. Has subsidiaries in Armenia, Uzbekistan, Ukraine and other countries. A mortgage insurance policy can be issued and paid online. All types of mortgage insurance are available plus insurance of real estate purchased under military mortgage.

Work experience since 1921 (the company is the assignee state structure GOSSTRAKH). Available insurance products for all occasions. Highest rating from independent rating agencies... Property and health protection mortgage borrowers, quick registration of the policy, consultations of specialists by phone and online. There are offices of the company in almost every large settlement Russia.

3) "RESO-Garantia"

An experienced company operating since 1991. Offers over a hundred insurance programs for individuals and legal entities. Repeated laureate of the most prestigious insurance premium in Russia "Golden Salamander".

Carries out quick registration of policies, provides consulting support. It has an extensive network of branches and provides the opportunity to apply for a policy online. Offers all types of mortgage insurance. V this moment there is a special offer "Profitable mortgage".

4) AlfaStrakhovanie

The company with the highest rating "A ++" from the "Expert" agency and branches throughout Russia. A huge selection of affordable and effective insurance products, efficiency, customer consultation by phone and online. Quick registration of the policy in the offices of the company or via the Internet. For citizens who already have mortgage insurance, the company offers to change the insurer and get a policy on more favorable terms.

5) VTB Insurance

Successful participant insurance market operating since 2000. Operational insurance of property, life, health, civil liability on favorable terms. Large annual amount of payments and insurance fees. The leader in mortgage insurance. Reliable protection of mortgage loans and real estate collateral. Benefits and confidence in the future for the bank and the borrower.

We recommend that you apply for insurance at all stages of your deposit insurance and when working with companies that provide deposit insurance services. This will reduce the risk of making mistakes in this important matter.

6. How to Save on Mortgage Insurance - 3 Simple Tips

Mortgage insurance policy is cheaper if you follow our helpful tips.

Advice 1. Give up unnecessary insurance services

As mentioned above, when insuring a loan, it is mandatory to protect the collateral itself - that is, an apartment, house or other real estate.