VTB Bank offers clients favorable mortgage terms, but always requires an insurance policy. Clients are often unwilling to spend money on Additional services due to the accrual of significant payments under the loan agreement.

• Risk of property damage (property insurance);
• Life and disability insurance;
• The risk of losing property rights to housing.

Many Internet users prefer to calculate the cost of insurance before concluding a contract. When taking out a loan for an apartment, the question immediately arises of the cost of insurance in the insurance company “ VTB Insurance" But on the official VTB Insurance website there is no calculator for calculating the price of a mortgage policy.

On the websites of other large insurance companies you can use a calculator to calculate insurance premiums at VTB. For example, on the Ingosstrakh or UralsibStrakhovanie page, there is a section with a calculator for calculating the price for an insurance contract at VTB.

2. To get the cost in the online calculator, you must provide the following information:

• City where insurance will be taken out;
• 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 estimate of the cost insurance policy VTB, because when concluding an agreement on the extradition credit funds The bank may oblige you to take out all-risk insurance. Therefore, the exact amount will be determined 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 - price of the apartment, list of possible risks, amount of the down payment on the mortgage, territorial location of the property, technical condition of the premises;
• Features of the borrower - age, weight, gender, presence of serious diseases, lifestyle, area of ​​employment.

Examples of reducing the cost of insurance include the location of the house in an elite area, the borrower is a woman, whose life expectancy, according to statistics, is longer.

And an increase in insurance premium is associated with confirmation of a chronic disease. When a person engages in mountaineering or other sports in extreme conditions, the cost of the policy increases.

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 contract:

• Loss of life and ability to work of the borrower, which implies death or loss of legal capacity (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 that is the subject of a loan agreement. The risk package includes protection from natural disasters, fire, flooding, and illegal actions of third parties. If you purchase housing in a new home, you can insure it after registering ownership of the property.
• Termination or restriction of ownership rights after the purchase of premises. This risk is insured subject to the execution of an agreement with refinancing or payment for real estate on 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 comprehensive insurance and pays for protection against all risks. But it is possible to conclude an agreement with insurance of one risk - loss or damage to real estate.

Contract rate in case of policy cancellation comprehensive insurance increases by 1%. This condition is mandatory upon conclusion mortgage agreement.

If you take out a mortgage with more high interest, but without insurance, you will pay less than if you reduce the interest but pay insurance.

Advantages 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 agreement if there is a mortgage with VTB Bank. These include:

• After purchasing insurance for the borrower, the financial risk in the situation of loss of work or legal capacity is reduced;
• It is possible to select a suitable insurer from the proposed list or submit information on another company for consideration;
• The object of insurance can be either a property on the new buildings market or on the secondary market;
• After one year of insurance, you are allowed to change companies.

When applying for a policy, the client receives complete information on the terms and conditions of apartment insurance, which eliminates the possibility of questions arising in the future.

Necessary documents for purchasing insurance at VTB

The VTB Insurance company requests the following documents:

• Documents for identification of borrowers and their copies;
• A medical certificate indicating the absence of serious chronic diseases;
• Reference papers characterizing the balance of the debt for mandatory payments (taxes, alimony);
• Papers characterizing the property (extracts, certificate);
• Loan agreement.

The option of providing other securities is not excluded when the number of borrowers increases or their age is not within standard limits.

Online application for mortgage insurance

You can leave it on the official website online application To obtain mortgage insurance from VTB, follow the steps:

1. Go to the official website at ;

2. In the window that opens, you need to fill in: first name, last name, city, email, telephone number, type and purpose of insurance, bank (VTB 24).

An operator will contact you within 30-90 minutes (depending on operating hours) and tell you the details of applying for mortgage insurance at VTB.

Step-by-step process of purchasing an insurance policy

The first step on the path to purchase insurance document is the consideration of an application submitted to in electronic format or by visiting the branch in person. To send via the Internet, follow the steps:

3. Download the papers to your PC (or print) and enter (print) personal data;

4. Send the form to a VTB employee, whose email address can be found via the “Employee” link in the same paragraph (Block for concluding agreements).

During the review process, the insurer’s employee will contact the client and make an appointment, notifying him of the package of necessary documents. First, he will request information about the property in order to carry out the procedure for confirming the veracity of the transaction when purchasing real estate. Subsequently, payment for the policy is made.

Is it possible to refuse VTB mortgage insurance?

The Federal Law “On Mortgage” prohibits borrowers from refusing to purchase an insurance policy that protects risks regarding mortgage property. It is necessary to follow the mandatory principles for issuing a policy. A prerequisite is the procedure for concluding an agreement between the citizen and the insurance company, providing protection in the event of loss of property or damage to the object of the loan agreement.

It is allowed not to pay for life insurance for a mortgage from VTB and protection for situations of loss, restriction of the right of ownership (title). In the absence of this extension in the policy, responsibility is transferred to the shoulders of the borrower. Title protection is considered valid for the first three years of ownership. The statute of limitations subsequently expires.

When a life insurance contract is not concluded, the mortgage interest rate increases. This action is related to risk compensation.

If a person has already taken out insurance, then in accordance with the law, you can terminate the contract in the future:

• Automatic cancellation if there are no payments for the first month (30 days) of the mortgage agreement;
• When applying in the first two weeks (14 days “cooling off period”) after signing the insurance.

But first, it is worth assessing the possibility of risks to the borrower’s life or property rights.

Please note: When you sign an insurance policy that includes comprehensive protection, you cannot cancel the contract. This procedure is feasible only for policies that provide protection for a subject or property.

There is no need to sign a policy to protect life and health, as many credit inspectors assure when reviewing applications. The refusal does not affect the quality of the credit history, since the situation described is not indicated in the data submitted to the bureau.

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. After all, sometimes insurers carry out temporary promotions to reduce the price of popular contracts that must be executed when taking out a loan for real estate. Popular organizations offering flexible terms are:

• VTB - insurance that allows you to save due to the summed payment for 3-5 years when purchasing the policy for the first time;
• VSK is a loyal system for calculating premiums based on the age and gender of the borrower.

And also, many clients note the Alliance company, where it is possible to purchase a policy at a cost of 0.34% of the price of the mortgage agreement.

Current VTB mortgage insurance offers

Today, at VTB Insurance you can purchase a contract at. It implies a reduction in annual payment by 25% if paid at one time.

So, if the client decides to take out a mortgage for 15 years, when the price of the apartment is 3,000,000 rubles, then he will have to pay 91,824.48 rubles. in 5 years. Upon consent to special program a discount of 18,744.48 rubles is given. All that remains is to pay 73,080 rubles. at one time.

How not to make a mistake with your choice?

When choosing a company, you should pay attention to the following points:

• There are no 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;
• Elimination of some risk situations;
• Compare the pricing policy for calculations and protection conditions in several companies.

When weighing 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 conditions You can always, but first you should familiarize yourself with the offers of several insurers.

What happens when the insurance is not paid by the borrower

While the policy is in effect, the person stops making payments. What happens then? The insurance company begins sending notifications about the need for payment.

If the citizen continues to refuse to pay the fees, information about this is sent to the banking organization, which will also begin to harass the client in various ways - SMS messages, letters, calls. In the worst case scenario, the case goes to court.

An insured event occurred, the neighbors were flooded, there was a fire, and so on, first you need:

1. First of all, try to minimize the damage and report it to the relevant government authorities.

The insurance company must be notified within 3 working days from the date of occurrence insured event.

3. They will set up a meeting with a representative over the phone and allow them to inspect the damaged property to assess insurance payments.

Before inspection, you should not touch the damaged property, except to prevent further damage.

4. Prepare a number of all necessary documents for an application for insurance payment:

• Identity cards (passport);
• Confirmation of ownership;
• Originals from the competent authorities (fire department, 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.

What is real estate insurance when taking out a mortgage? Where can I get mortgage insurance cheapest? How much does it cost to insure an apartment with a mortgage?

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

IN new article I'll talk about mortgage insurance. The material will be useful to everyone who purchases housing with a mortgage, as well as to those who are interested in current financial issues.

And now - in detail and in detail on each point.

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

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

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

Some believe that mortgage insurance takes into account exclusively the interests of creditors: banks want to protect themselves from the borrower losing their solvent status.

However, such insurance also brings certain benefits to loan recipients. After all, no one can guarantee home buyers the availability of a permanent income, especially in conditions of permanent economic instability.

Every borrower can lose their job, get sick, or get into an accident. And the apartment itself may 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 clients who choose the full range of insurance services.

So, mortgage insurance– This is insurance against the risks of lenders and borrowers. In modern Russian lending– This is a mandatory procedure when purchasing a home with a mortgage.

None financial institution will not give you a loan without taking out a policy. At the same time, insurance of real estate (collateral) 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 transaction. Another thing is that bank employees know much more about insurance than the average citizen and often insist on contract terms that are most favorable and beneficial specifically for the financial organization.

That is why it is useful for loan recipients to study the issue of mortgage insurance in advance - this will reduce unnecessary expenses and help protect their property interests.

By law, the borrower is required to insure only the collateral. 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 real estate).

Whether to agree to the creditors’ conditions or not is a personal matter for everyone. For obstinate clients, the bank can easily increase the mortgage interest rate.

The policy term is equal to the expected payment period. Sum insured equal to the loan amount or market value housing. Payments are due once a year. When the time for payment approaches, the bank informs the company of the current amount of 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 plays the main role in insurance procedures. Other types of mortgage insurance are only auxiliary products aimed at reducing additional risks for lenders and borrowers.

However, it is worth researching all types of mortgage insurance.

Type 1. Home insurance

Mandatory type of insurance when applying for a mortgage. The property is insured against damage and complete destruction. If an insured event occurs, the mortgage is paid off by compensation for damage from the insurer.

Insured events include:

• fires;
• natural disasters;
• domestic gas explosions;
• accidents of sewer and water supply systems;
• illegal and hooligan actions of third parties;
• vandalism.

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

Example

There was a fire in the apartment, which damaged the structural elements of the home. Losses are compensated not by the owner of the apartment, and not by the bank with which the housing is pledged, but by the insurer. True, evidence must be presented 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 insurance category. For example, if an apartment was damaged as a result of military operations, a nuclear explosion, mass strikes and pogroms, the insurer has the right not to pay losses.

View 2.

If the policyholder is unable to pay the mortgage due to serious illness, disability, serious injury or disability, the insurance company undertakes to compensate the bank for the loss.

In the event of the death of the borrower, the insurer releases relatives and friends from loan payments and assumes debt obligations. Coverage does not apply if death or disability is the result of intentional self-harm or suicide. Injuries sustained while intoxicated or under the influence of drugs do not count.

This type of insurance is optional and you can refuse it if you wish. However, banks often do not leave borrowers 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 the borrower loses title. Such insurance is not issued in all situations, but only in cases where the lender identifies additional risks when studying documents for housing.

Example

A year after purchasing 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. Litigation on this issue may drag on for many years, but any losses of the bank will be covered in a timely manner by the insurer.

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

More information on housing protection issues can be found in the articles “” and “”.

3. How to insure your mortgage - 5 simple steps

Every 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 matter. Any loan recipient has the right to refuse insurers recommended by bank employees and choose a company at their own discretion.

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

So - be careful.

Step 1. Finding a suitable insurance company

When choosing an insurer, act with extreme caution. Study the situation on the insurance market in advance. Reliability, solvency and the terms of insurance themselves are important.

Other important parameters:

• experience as an insurer;
• price policy;
• rating according to independent organizations;
• availability of preferential offers and promotions.

Any way to reduce 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 is in the article "".

Step 2. Selecting the type of insurance

Just a couple of years ago, when issuing loans, banks required compulsory insurance not only the property, but the client’s life and ability to work.

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

All other types of insurance are a matter of personal choice of the client. In practice, borrowers are not always able to achieve compliance with their rights. So, if you refuse life insurance, be prepared for pressure from bank employees.

At a minimum, the manager will give you a lecture on the importance of comprehensive insurance; in the worst case scenario, your mortgage rate will be increased. Banks cannot directly refuse to issue a loan due to refusal to insure their ability to work and life. But it is in the client’s interests to give in to employee requests if there is a direct danger of an increase in the commission.

Step 3. Determining possible risks

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

In such cases, the risk of non-payment of the loan actually increases, and purchasing comprehensive insurance is a truly advisable and necessary step.

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

Step 4. Collecting documents

Mortgage insurance is issued quite quickly.

Standard list of documents:

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

Sometimes the insurer requests additional papers - certificates from the BTI, extracts from the house register, a real estate appraisal report.

Step 5. We sign the agreement

When signing an agreement, first study all its clauses. Even the small print and notes deserve attention.

Remember that a mortgage loan takes years and even decades to pay off: every lapse in insurance contract potentially harmful to your pocket. Unaccounted tenths of interest on the contribution eventually translate into thousands of rubles.

So I repeat - be careful! Banks and insurers act in their own interests, your task is to protect 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 companies 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 - let's look at 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 when taking out any policies. Tariffs are also affected by the profession of the policyholder. The more dangerous it is, the higher the coefficient.

Factor 2. Health status of the policyholder

For life insurance, you will need a medical certificate of health. If the company becomes aware that the client has concealed information about the presence of a serious illness, payments may be denied in the event of an insured situation.

The questionnaire contains items regarding 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 height and weight indicators are taken into account. If the ratio is higher or lower than normal, tariffs also increase.

Factor 3. Housing 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 a gas stove and other objective indicators are taken into account.

Factor 4. Loan size

The larger the loan amount, the higher interest rate By insurance premium. As the loan is paid off, this figure decreases because the total amount owed decreases.

The table will give a more clear idea of ​​the formation of prices for insurance services:

5. Offers for mortgage insurance on the best terms - review of the TOP 5 companies providing services

Dozens of large and small companies provide mortgage insurance. From the right choice insurance partner directly affects your financial security.

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

A universal insurance company with many years of experience. The company was founded in 1947. It is constantly included in the TOP 10 best insurers in the Russian Federation. It occupies the highest positions in official and “popular” ratings. It has subsidiaries in Armenia, Uzbekistan, Ukraine and other countries. A mortgage insurance policy can be issued and paid for online. All types of mortgage insurance are available plus insurance for real estate purchased through military mortgage.

Experience since 1921 (the company is the legal successor of the state structure Gosstrakh). Available insurance products for all occasions. Highest rating from independents rating agencies. Protection of real estate and the health of mortgage borrowers, fast issuance of a policy, consultations with specialists by phone and online. The company has offices in almost every major locality in Russia.

3) "RESO-Garantiya"

An experienced company operating since 1991. Offers more than a hundred insurance programs for individuals and legal entities. Repeated winner of the most prestigious insurance award in Russia “Golden Salamander”.

Performs quick registration of policies and provides consulting support. It has an extensive network of branches and provides the opportunity to issue a policy online. Offers all types of mortgage insurance. IN this moment there is a promotion " Advantageous mortgage».

4) "AlfaStrakhovanie"

A 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 consultations by phone and online. Quick policy registration in the company's offices or via the Internet. The company offers citizens who already have mortgage insurance to change their 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 volume of payments and insurance fees. Leader in mortgage insurance. Reliable protection mortgage loan and collateral real estate. Benefit and confidence in the future for the bank and the borrower.

We recommend that you contact us at all stages of insuring your deposits and when working with companies that provide deposit insurance services. This will reduce the risk of making mistakes in this important issue.

6. How to save on mortgage insurance - 3 simple tips

A mortgage insurance policy will cost less if you use our helpful tips.

Tip 1. Avoid 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.

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

Insurance is the protection of property interests upon the occurrence of events stipulated by the contract at the expense of a 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 mortgagee loses the ability to make monthly mortgage payments, the bank loses income. If there is insurance, it will compensate for losses.

For the borrower, the services of insurance companies are also useful: having insurance, you will not lose money if a third party appears claiming ownership of the 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 quite understandable.

What types of mortgage insurance are there?

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

• For insurance of real estate taken with a mortgage. This mandatory type insurance, without which no bank will approve a mortgage loan. It is needed to reduce the risks associated with damage or complete loss of the collateral property (in the event of fire, flooding or other events specified in the contract).
• For health/life insurance. The borrower takes out such insurance on a voluntary basis. But the bank often includes a clause in the mortgage agreement, according to which, if you refuse this type of insurance, the interest rate increases by a certain amount. By doing this, the financial institution insures itself so as not to incur losses in the event of the death or disability of the borrower.
• For property title insurance. When applying for a secondary mortgage, it is not necessary to obtain this insurance. 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 third parties claiming the housing, may be partially or completely deprived of the right of ownership.

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

What type of mortgage insurance policy is best to choose?

Only the collateral property needs to be insured. Property rights, life and health do not need to be insured if you are not personally interested in it. But sometimes banks insist on taking out all types of insurance under pain of refusing a mortgage. It is illegal. But reviews on the Internet say that it is almost impossible to refuse them. After all, the mortgage agreement specifies sanctions that can be applied in case of refusal.

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

Review of insurance companies

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

The cost of housing taken out on a mortgage is subject to a limit of 15 million rubles. Contributions for insurance of collateral must be made every year at a rate of 0.25% per annum. Interest is charged only on the balance of the principal debt. If the mortgage was issued for 1 million rubles, then in the first year you will need to pay 2500 rubles. As the debt is eliminated, this amount will decrease.

Life insurance accounts for 1% of the debt. If rejected, the mortgage interest rate increases by the same amount. Therefore, refusing insurance in this case is not advisable and even more profitable, since the annual insurance premium will decrease over time.

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

The premium cannot be returned when changing insurer. But you can make a partial refund if early repayment mortgages.

VTB insurance

At VTB, when obtaining a mortgage for a home, they require comprehensive insurance (all three types of insurance). But instead of three contracts, one is drawn up. If the 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 amount 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, no premium is 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 yourself here when applying for a mortgage in another bank.

Here they only insure life/health and collateral real estate. 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 a partial refund of the insurance premium in proportion to the unused term when the borrower switches to another insurer. You can receive an absolute payment if you refuse VSK services within 5 days from the date of conclusion of the transaction.

RESO

Here the rates depend on which bank you take out a mortgage from. After all, different organizations are required to pay different commissions for expanding their client base. Average insurance rates are:

• Sberbank: 1% – life/health; 0.18 – deposit.
• 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 signing the agreement. In other cases, upon termination of the contract at the initiative of the mortgager, only part of the contribution is paid.

RESO has a promotion called “Profitable Mortgage”. It provides a 40 percent discount for the first year for mortgages and for those who decide to change insurers.

The average tariffs in the Alliance are:

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

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

Here you can get insurance at a reduced cost:

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

Since the company’s departments in the regions are closing, you can contact it through Main 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 receive a partial refund if you liquidate your debt early. But from her mandatory 65% of the absolute premium will be deducted. If you wish to terminate the contract for a reason unrelated to the repayment of the mortgage, no refund will be issued.

Ingosstrakh

Here you can conclude both individual and complex agreements. Approximate tariffs are not disclosed. But we can give a comparative description for concrete example. We will consider as a borrower a man and a woman 38 years old, who do not drink, do not smoke, have no serious illnesses, and are employed. As a home - an apartment on the 5th floor, which has a history of only 3 owners. Mortgage volume – 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 term of the mortgage.

Ingosstrakh offers a discount. When changing insurers, they discount 5-15%. And on voluntary insurance They discount 20% if you insure your mortgage with this company.

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

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

• Life/health: 46.9 thousand rubles. for men and 30.5 for women.
• 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 tariffs and an expanded base of insurance claims. You can also insure furniture, plumbing, decoration and civil liability for only 1,150 rubles. Tariffs for main types of mortgage insurance:

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

You can return the insurance only after full payment of the debt and interest. If the contract is terminated by the borrower for other reasons, a refund is not possible.

Why mortgage insurance might become more expensive

The final cost of mortgage insurance is calculated taking into account the tariffs established by the insurance company. The rate is increased by factors that increase the risk of property damage or disability/death of the borrower. Let's find out what else can lead to a rise in price various 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 younger the borrower is, the lower the rate. At 25 years old, you will need to pay 5-10 times less for life insurance than at 50. And a 60-year-old may be denied insurance. Only certain insurance cases related to accidents are provided for them.
• Profession. For people working in extreme conditions, the cost of insurance will be maximum. This includes police officers, rescuers, and military personnel. Life insurance for office workers will cost the least.
• Health. When taking out life insurance to obtain a mortgage, the borrower fills out a health questionnaire. It must indicate all existing diseases. You can't hide them. If this is done, then in the event of disability or death associated with hidden pathologies, payment will be denied. The more serious the mortgagee’s illness, the more a large amount life insurance will cost him.
• Body mass index (BMI). Excess weight is the cause of many diseases that shorten a person's life. That's why many insurance companies are increasing their rates for people with a high BMI.
• Sportsmanship. If the borrower is interested in 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 deal, be it 10%, 40% or even more. This commission is added to the general rates and is included in the final cost of insurance, which is paid by the borrower.

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

1. Type of dwelling. It is cheaper to insure an apartment in a high-rise building than a private house Location on.
2. Year of construction. Tariffs increase with the age of the building. Not every company will undertake to insure housing built in 1955 and earlier.
3. Material of walls and ceilings. Tariffs for wooden structures are higher, since they have a shorter service life and are more likely to be damaged for various reasons.
4. Presence of open sources of fire. If they are, the price of collateral insurance will be higher.

The cost of title insurance is affected by:

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

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

Legend:

1. PSS – full cost insurance;
2. SI – mortgage amount;
3. TZZ, TZI, TPS - tariffs for life and health, collateral and property rights, respectively.

Calculation example:

• SI = 5 million rubles.
• TZHZ = 0.2%;
• TBI = 0.1%;
• TPS = 0.1%.

Then the price for comprehensive insurance will be equal to: PSS = 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 mortgage insurance. The tariffs in your case will be different.

Tips – How to save money and insure your mortgage cheaper

There is no one insurance company that would be more profitable for everyone to insure themselves with. Various companies have different approaches to risk calculation. Therefore, their tariff policies are also different. And if, according to your neighbor or adviser on an online forum, he managed to get cheap insurance from a certain company, this does not mean that it will also be profitable for you to get insurance there.

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

1. Don't sign up for insurance at the bank. Usually banking organization when issuing a mortgage, she offers to insure herself with a certain company that she trusts. But according to the legislation of the Russian Federation, the bank is obliged to accept insurance from any accredited insurance company. But the borrower does not know his rights well, so he often agrees to conclude a collective deal right in the office. However, the insurance premium in this case may be 2-3 times higher than if the insurance was taken out in another company. The markup is formed in connection with the commission that the bank requests from the insurer for attracting a new client.
2. Let the main borrower be a female person. The cost of insurance for women is lower than for men. If you have already signed up a male person as the main mortgager, you can try to replay the situation. However, be prepared for the fact that the bank will not cooperate.
3. Take advantage of the capabilities of the Transition program. Insurance is issued for a limited period. If the mortgage has not been paid during this time, the contract is extended. But you can choose another insurance company for renewal. When switching, many companies offer discounts of 10-15%. If you express a desire to use the services of a competitor, the former 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 offer discounts to regular customers. If you already have your home or car insured somewhere, try insuring your mortgage there. Tell them that you already have a policy with this company. When applying for a mortgage at Sberbank, this advice does not apply.
5. Get a discount if you are an employee of a corporation that is a client of the insurance company. Large companies provide voluntary health insurance to their employees. If you are one of these workers, you may qualify for a discount on life insurance for your mortgage.

By choosing the most suitable insurer, you can save a significant amount of money. But make sure that the reduction 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.

"My home is my castle"

We know how difficult and responsible it is to decide to buy a home. A mortgage provides a real opportunity to realize your dream of improving your living conditions.

Mortgage insurance is reliable protection for the mortgage borrower against risks associated with damage or loss 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 mortgage borrower to the bank in the event of unforeseen circumstances*.

Insurance covers “structural” elements damaged due to:

Structural defects

Natural Disasters

Aircraft (space) vehicle crashes

Falling solids

Vehicle collision

Illegal actions of third parties

Title insurance: Risks associated with termination and/or limitation of your ownership rights to the purchased property:

Termination of ownership (For example, as a result of a transaction being declared invalid based on a court decision).

Restriction (encumbrance) of property rights ( For example, as a result of third parties retaining the right to use property 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 purchasing real estate, it turns out (and the policyholder did not know about it earlier) that in the last or previous transactions the rights of third parties (unaccounted for heirs, minor children, previous owners, etc.) were violated. And then, by a court decision, the borrower’s transaction may be declared invalid. From these and other cases of termination, as well as restrictions on property rights mortgage borrower can protect title insurance.

Personal insurance: Insurance in case of harm to the life and health of the borrower and co-borrowers as a result of accidents and/or illnesses.

Insurance risks under the contract are:

Death due to any cause

Primary determination of group 1 disability as a result of an accident or illness

A mortgage loan is usually taken out for long term. Personal insurance the borrower will help 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 for a combination of risks, depending on the loan program you choose. Typically, for the most complete protection, borrowers choose a package of all the specified risks.

PROGRAM COST***

Tariffs for each agreement are set individually based on an analysis of documents on the property as collateral and information about 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 will be 0.2427%/0.1463% of the sum insured for that year.

*** The insurer has the right, based on the results of an analysis of the degree of risk when concluding individual insurance contracts, to apply adjustment factors to insurance rates and individual insurance conditions.

HOW TO CONCLUSION AN INSURANCE AGREEMENT

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 when issuing a mortgage loan:

· All contacts with the insurance company will be made through your mortgage manager

· You don’t have to bring documents to the insurance company - that’s all Required documents A bank employee will send it for you.

· You can sign and pay for the insurance contract at the time of the mortgage transaction.

When prolonging the insurance contract:

· An invoice will be sent in advance to the email address you provided on your insurance application. Pay insurance premium You can go to any bank by first printing your account.

The insurance service is provided by SOCIETE GENERAL Life Insurance LLC, Licenses for insurance SL No. 4079 and SG No. 4079 were issued by the Central Bank of the Russian Federation for an indefinite period, and SOCIETE GENERAL Insurance LLC,Insurance licensesSL No. 1580 and SI No. 1580 were issued by the Central Bank for an indefinite period.

For Property Insurance (Risk of loss 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.

Health insurance for the borrower in the event of a primary diagnosis of Group I Disability - jointly by SOCIETE GENERAL Insurance LLC and SOCIETE GENERAL Life Insurance LLC (co-insurance).

When applying for a loan to purchase real estate, the borrower must enter into a comprehensive insurance agreement.

This service provides complete financial security for the bank and the person receiving the loans.

Dear readers! The article talks about typical ways to resolve legal issues, but each case is individual. If you want to know how solve exactly your problem- contact a consultant:

APPLICATIONS AND CALLS ARE ACCEPTED 24/7 and 7 days a week.

It's fast and FOR FREE!

What is this type of service?

According to the Mortgage Law, property insurance is mandatory.

Banks are interested in minimizing the risk of loan default that arises for various reasons:

• job loss;
• deterioration of health;
• damage to real estate;
• loss of property rights.

Since the loan is taken out for long term, financial institutions take all possible measures to protect funds.

This is how comprehensive insurance was formed, providing complete safety in various unforeseen circumstances.

It includes three product categories:

• protection of property from various risks;
• protection of the health, ability to work and life of the borrower;
• title protection (property rights);
• protection of the borrower's liability for non-repayment of debt.

People will be able to cover losses from adverse consequences different types real estate: house, apartment, dacha and others.

The agreement is concluded for a period of 12 months and includes an extension until the end of the mortgage payment period.

The amount within which the insurer pays compensation is established in two ways:

• initial debt (interest for the current period is added);
• as a decreasing amount commensurate with the reduction in debt to the bank.

In what situations is monetary compensation provided?

The company compensates for losses from partial or complete damage to property as a result of:

• fire;
• lightning strike;
• explosion of steam boilers, gas;
• natural Disasters;
• subsidence and subsidence of soils;
• leaks due to failure of water supply systems;
• release of soil water;
• household gas explosion;
• falling flying objects or their fragments;
• collisions with vehicles.

Health and life insurance provides cash compensation for:

• loss of temporary working capacity of a citizen;
• disability;
• death caused by an accident.

Title protection obliges you to transfer funds to a credit institution if the following events occur:

• loss of property rights of the borrower;
• there was interference from third parties;
• rendered judgment on restriction of property rights.

A debt liability insurance product is used in situations where the borrower is unable to service his debt.

This can happen for several reasons:

• additional costs as a result of default;
• insufficient funds after the sale of collateral real estate.

The insurance company does not compensate for damage caused in all cases.

Monetary compensation is not provided if:

• nuclear explosions;
• hostilities;
• radioactive radiation.

What are the advantages of such insurance?

Comprehensive mortgage insurance ensures the safety and stability of the real estate lending system.

In this regard, the borrower receives the following benefits:

• prompt decision-making regarding the execution of the contract;
• reduced interest rate on the loan;
• minimum down payment;
• loyal attitude of the bank to providing a loan;
• reasonable tariffing ensures economic feasibility, since an integrated approach combines several categories;
• guaranteed and timely financial compensation in the event of an insured event thanks to cooperation with one rather than several companies;
• Every year, insurance payments decrease as the amount of the principal debt decreases.

After concluding a comprehensive insurance agreement, the bank and the borrower will have confidence in the future.

Which companies and under what conditions provide comprehensive mortgage insurance?

Not every organization offers the service in question. Typically, several risks can be insured at accredited agencies of the bank where the borrower is applying for a loan.

To obtain comprehensive insurance, you must enter into an agreement with the selected agency.

The borrower must comply with the following conditions:

• informing insurance specialists about circumstances that are significant for the occurrence of an adverse event;
• answer all the agent’s questions in detail to conduct an in-depth risk analysis;
• provide data on previous real estate transactions to check legal purity;
• submit an application for insurance in the prescribed form.

Changes made to the contract are valid if they do not contradict the law.

You can familiarize yourself with the rules of comprehensive insurance of one of the Russian insurance companies from the following document:

To obtain comprehensive insurance, the borrower must submit the following documents:

• Russian passport;
• a photocopy of the agreement concluded with the bank;
• copy and attachments;
• information about solvency;
• balance sheets for the last reporting date(for legal entities);
• certificate of ownership;
• confirmation of registration in a single state register rights to real estate(in the presence of);
• other acts related to risk.

Some accredited companies financial institutions are presented in the table.

Bank of Moscow	DeltaCredit	Raiffeisenbank
"VSK"	"BIN insurance"	"Rosgosstrakh"
"AlfaStrakhovanie"	"VSK"	"Zurich"
"Alliance" (formerly "ROSNO")	"Ingosstrakh"	"Renaissance Insurance Group"
IJSC "RESO-Garantiya"	"VSK"	Transneft
"SO "Surgutneftegaz"	"Ingosstrakh"	"Surgutneftegaz"
"ERGO Rus"	"SOGAZ"	"ERGO Rus"
"BET"	Uralsib Insurance Group	"Liberty Insurance"
"VTB Insurance"	"Mascot"	"Alliance"
"Insurance Company "Soglasie"	"Invest-Alliance"	"RESO-Garantiya"
"MSK"	"Insurance company "Help"	"Uralsib"

In what cases does the contract expire?

The insurance expires at 24 hours local time on the day specified in the contract.

There are certain circumstances under which it will not be provided to the borrower:

• failure to pay fees when due;
• liquidation of a legal entity that is the insured (by court decision);
• the existence of the risk ceased for reasons not specified in the contract;
• in case of violation of the terms of the agreement;
• liquidation of the insurer in the manner prescribed by law;
• at the request of the policyholder (payment of contributions is provided).

Insurance cost

The cost of comprehensive insurance is determined depending on the following factors:

• age and health status of the borrower;
• insurance period;
• number of previous real estate transactions;
• condition of the property;
• loan size.

The price of the service in question is determined individually for each case and varies from 0.5 to 1.5% of the loan amount.

It includes the cost of insurance:

• title - 0.2% per annum;
• property – 0.3%;
• – 0,5 %.

The final tariff is determined by the conditions separate company. If the borrower takes out several policies for individual cases, there are more expenses.

The cost of comprehensive mortgage insurance in some Russian banks is presented in the table.

What difficulties are possible when forming an agreement?

Each program is governed by special principles that define a clear list of insurance objects, and other factors become exceptions.