When obtaining a loan from banks, you need to provide the loan with property pledged. Modern mortgage insurance policies compensate your expenses for the restoration of your expensive property, apartment, country house, cottage or household property that suffered from fire, flooding, natural disaster or the actions of intruders.
Property insurance (comprehensively or separately) may be reimbursed:
the full value of property damaged or lost as a result of an insured event or the costs of restoring damaged property;
LIST OF DOCUMENTS FOR PROPERTY INSURANCE
The mortgage property insurance contract is concluded on the basis of a written application of the Insured. Part of the application may be an inventory of interior decoration, an inventory of engineering equipment, an inventory of movable property, which are certified by the signature of the Insured. When concluding an insurance contract, the Insurer has the right to require the Insured to provide title documents for property accepted by the Insurer for insurance.
WHAT INFLUENCES THE COST OF THE MORTGAGE PROPERTY INSURANCE POLICY?
The insurance premium (insurance cost) depends on the type and characteristics of property accepted for insurance, the conditions and characteristics of its storage (operation), the term of insurance, insurance risks, as well as other factors and is calculated individually according to the rate applicable in ITMINON .
If you carry out other types of insurance in our Company, then a discount of 10% (of the insurance rate) is provided. Also, if during the term of the contract the Insured did not apply for insurance compensation, then at the conclusion of the contract for the next year a discount of 5% is given (from the initial rate).