It is impossible to find out online how much it costs to insure an apartment with a mortgage,
despite the importance of the question and our desire to suggest the correct answer.
The total cost of the insurance policy, as well as the amount and frequency
of payment of the insurance premium for each list to data policyholder are strictly individual indicators.
The cost of mortgage home insurance depends on:
the bank that provides the loan;
subject of insurance;
number of insurance claims;
Insurance history” of the borrower;
promotions, discounts, special offers from insurance companies;
type, condition and value of the insured property.
>The insurer’s business relationship many of you will be familiar with this wine which is one of our best sellers with the lender has the greatest impact on the cost of the policy.
Firstly, a number of large banks have subsidiary insurance companies:
Sberbank insurance;
VTB Insurance;
AlfaStrakhovanie; Cost of apartment
Raiffeisen Life;
Russian Standard Insurance and others
A bank’s subsidiary or an organization that is part of the same holding company is almost always ready to offer its borrower better conditions.
Important: this does not deprive the policyholder of the right to choose, and the conditions of the “own” bank insurer should still be fax list compared with the offers of other companies accredited by the lender.
Secondly, according to experts Cost of apartment
The lowest rates of insurance can be found from partner insurers of Otkritie Bank and Rosselkhozbank if you take out a mortgage from one of them.
The subject of the insurance contract may be insurance of the mortgage loan collateral for both the value of the real estate itself and the loan amount. The second option is cheaper for the insured, but insurers and creditors are reluctant to agree to it, and many do not practice it at all.
Insurance events are the reasons why property may be damaged (up to and including destruction). The fewer of them are listed in the insurance contract, the cheaper the policy. However, if damage occurs for a reason not specified in the contract, the insurer will not pay compensation.