+7 (964) 325-38-38
+7 (812) 325-38-38

Mortgage life insurance

Mortgage life insurance

Property insurance is a mandatory requirement for buying an apartment with a mortgage, as set by the bank. The policy provides a guarantee that the money will be returned to the lender in case of an emergency. At the same time, banks often additionally ask for life insurance.

Life and health insurance plays an important role in obtaining a mortgage loan. In the absence of such a policy, banks often raise the loan rate by 0-5. 1%, and in some cases even refuse to issue funds. This is due to the fact that life insurance provides additional protection for both the borrower and the lender.

A mortgage loan is provided for a long period, usually for 10-30 years. During this time, various life situations may arise that may affect the borrower's financial situation. Illnesses, accidents can lead to disability or even death of the borrower. In such situations, life and health insurance becomes a reliable tool for protecting the interests of both the borrower and the bank.

One of the main advantages of mortgage life insurance is to provide financial protection to the borrower's family in the event of an unforeseen loss. In the event of the borrower's death, the insurance company pays the remaining amount of the mortgage loan, which allows the family to avoid financial difficulties and safe housing conditions.

Mortgage life insurance also protects the interests of the bank as a lender. In case of unforeseen loss of the borrower, the insurance company reimburses the remaining amount of the loan, which allows the bank to avoid financial risks and safe its creditworthiness.

It is important to note that mortgage life and health insurance is responsible for the financial well-being of both the borrower and the lender. It allows you to ensure financial stability in the event of unforeseen circumstances and minimize risks for all parties.

Life and health insurance when obtaining a mortgage loan is an integral part of the mortgage registration process. It protects the interests of both the borrower and the lender and also contributes to the creation of financial stability and well-being for all participants of the deal.


评论

Any questions?
Request a consultation with the experienced managers that will help you in all matters
  • 阿拉•社科维基
    Deputy Chief Executive Officer 证书编号: BN 04737 Request callback
Free consultation
We represent our clients’ best interests!
Safe and risk-free property deals