Mortgage insurance from an apartment purchased with a mortgage from Sberbank of Russia, VTB, Gazprombank, UniCredit Bank is the best way to protect the interests of the home owner, as well as the ability to fulfill the requirements of the contract. An online calculator will help you calculate the cost of insurance for an apartment mortgage, including a military mortgage. SPAO Ingosstrakh is a partner of many banks (including Sberbank), so banks accept mortgage insurance policies for apartments from this insurer.
- Ingosstrakh insures your apartment mortgage online, which does not require an inspection and helps you save time on visiting the office.
- Registration of mortgage insurance takes place on the official website of Ingosstrakh, which makes the cost of the policy cheaper.
- The mortgage insurance program from Ingosstrakh was developed taking into account the requirements of Sberbank.
What to insure for a Sber mortgage in 2021?
The terms of mortgage insurance have remained unchanged for several years. Now borrowers are still required to insure their property (apartment). Title and personal insurance remain voluntary types of protection.
You need to insure your apartment for a mortgage every year. The cost of insurance will be recalculated and reduced in accordance with the repayment of debt. In addition, you have the right to change your insurance company every year and take out personal or property insurance where it will be cheaper.
Select insurance:
Real estate insuranceReal estate
Life InsuranceLife
Life and real estate insuranceLife and real estate
Do you need life insurance for a Sberbank mortgage?
Formally, the borrower independently decides whether to insure life or not, and the bank cannot impose this service. Moreover, Sberbank should not require you to insure your life with them.
In fact, every mortgage holder is faced with taking out life and health insurance. This is due to the fact that Sber increases the initial rate if the client refuses to provide life insurance.
This option is not beneficial for the borrower, so in 99% of cases 2 insurances are taken out: for the apartment and for the life of the mortgage borrower.
Payment and renewal
The insurance premium is paid:
- in cash to the insurer's cash desk;
- non-cash transfer to a bank account;
- from a bank card - when registering online.
The policy is extended if it was issued not for the entire mortgage term, but for 1 year (or for a shorter period of time). The extension is made under the same conditions on which the original agreement was concluded.
Important! You can renew online on our website, regardless of whether the original policy was issued offline or online.
Comprehensive insurance for Sberbank or separate?
You can buy each of the insurances from different companies, or you can take out comprehensive insurance from one insurer. Here you need to look in each specific case which option will be more profitable.
The fact is that insurance companies set their own rates for each factor in life and property insurance.
The price of life insurance for a mortgage is affected by:
- Gender and age of the client;
- Health status;
- Profession and place of work.
The cost of mortgage insurance for an apartment is affected by:
- Year the house was built;
- Type of mortgaged housing (apartment or house);
- Availability of wooden floors and gas equipment, etc.
For example, one company sets the price higher for men based on the gender factor, while the second company makes the same price for both women and men. Hence the difference in the cost of mortgage insurance in the UK.
"Ingosstrakh" - Insured event on mortgage property, what to do?
If an unexpected incident occurs with the insured property, many clients do not know where to go and what to do. Ingosstrakh has developed detailed instructions for the following situations:
Property
In the event of damage to the insured mortgage property, perform the following actions:
1. Contact the competent authorities - the police, the Ministry of Emergency Situations, the fire department, depending on the circumstances.
2. Within 3 days, report the incident to the insurance company. In the event of significant harm to health or death, the client must notify the insurer within a month (if there is a life insurance policy).
3. Obtain supporting documents from government agencies and provide them to Ingosstrakh.
4. Until the insurance company’s employees inspect the property, it should be kept unchanged. An exception is the situation when there is a threat to the lives of family members of the borrower or other persons, for example, the risk of collapse of structures.
For all telephone numbers and a list of documents, see the section “ Insured Event ” (ingos.ru/incident/mortgage).
It is advisable to coordinate the procedure with representatives of Ingosstrakh. This can be done by calling the hotline number, which is listed on the official website. For regions of Russia the following number applies: 8-800-100-77-55.
It is important to provide complete information about the amount of damage, its causes and consequences, as well as its nature. It is required to describe the events that occurred and express complaints.
Life and health
If damage occurs to the borrower's health, the following actions are taken:
- seeking medical help;
- notifying the insurer of the incident 3 days or 1 month in advance if the borrower died or became disabled.
Loss of ownership rights (Title)
If the damage occurs due to loss of title, the policyholder notifies the insurance company by calling the hotline.
Insurance compensation is paid in the following amounts:
- Complete loss of property. The remaining debt to the bank is fully repaid.
- Partial loss of property. Payment is made in the amount of expenses necessary for restoration.
- If a death occurs or the policyholder receives a non-working disability group, a payment is made in the amount of the insurance premium.
- When temporary disability occurs, 1/30 of the monthly premium is paid for each day of the period of inability to work. In this case, the amount cannot be more than 0.2% of the insurance payment.
If there is a restriction or termination of ownership, a share of the insurance payment is indemnified, which proportionally corresponds to the insured property.
Application forms for mortgage insurance: ingos-strahi.ru/obraztsy-zayavleniya-po-imuschestvu.
How to find out where it is cheaper to insure your Sber mortgage
There are mortgage calculators on the websites of insurance companies where you can calculate the cost of insurance. But not all companies provide the opportunity to pre-calculate life insurance.
To compare all prices, you need to select several companies from the list of Sberbank accredited mortgage insurance companies and calculate the cost in each of them.
You can do it easier and compare the cost of all insurance available to you on one website - Polis812. Our insurance center offers mortgage insurance at prices similar to those of insurance companies and even lower.
Each client can use a promotional code for a 5% discount on life or apartment insurance for a mortgage on Polis812.
"Ingosstrakh" - Mortgage calculator for life and property insurance
First in importance is the question of the cost of mortgage insurance. The price of the policy can be calculated online on the Ingosstrakh website.
This will allow you to make a purchase decision even before signing a loan agreement with the bank. To use the insurance calculator, go to the company’s official portal and follow the instructions:
1. Go to the Ingosstrakh website using the link: ingos.ru/mortgage/calc .
2. In the window that opens, fill out the calculation form:
- enter the name of the lender;
- type of collateral;
- balance of debt;
- year of birth of the borrower;
- validity period of the policy.
3. Select the type of insurance – against damage to collateral or protection of life and health and click “Calculate”.
You can make a calculation for both types of insurance at once or separately. The service will offer to sign up for related programs, indicating their cost.
Note! The set of risks depends on the requirements of the bank where the loan agreement is drawn up. Full fulfillment of obligations to the bank is ensured by a comprehensive insurance contract.
Online registration of an insurance contract
Immediately after the calculation, you can issue an electronic collateral insurance policy. Click “Next” and go to the insurance registration section.
Insurance is purchased on the website through the online service as follows:
1. Answer the questions on the form to fill out. In particular, indicate the number and date of the loan agreement, borrower data, series and number of passport, registration address and location of the insured object. Click "Apply Online".
2. Payment is made in the same service using a bank card. Indicate the plastic number, owner's name and the 3-digit code on the back.
After this, an electronic version of collateral property insurance will be sent to your email. It has the same legal force as a policy drawn up on the insurer's letterhead. Financial protection against the risk of loss of ownership of real estate is issued only in conjunction with insurance of the collateral itself.
Property insurance is the main requirement of banks for mortgages. The concluded agreement is provided at the time of issuance of the loan payment. To register, you should contact a specialist at your nearest office. He will take copies of documents and give you a form to fill out an application in the form of a questionnaire.
Based on the documents and information provided, a decision is prepared within 24 hours. Then an insurance contract is prepared, which can be picked up at the nearest office or during the transfer of funds at the bank. Payment is made according to the attached schedule.
Online application for mortgage insurance
The online application is provided only for financial protection of life and health, because it is impossible to purchase this policy on the website.
Answer the questionnaire questions regarding your health. It is necessary to provide only reliable information, because if a deliberate lie is discovered about your health status, the company will refuse insurance payment.
To purchase a policy, you must send a request to a representative of the insurance company, and then go to the office in person. By agreement, you can arrange a meeting with an Ingosstrakh agent in another location.
If the borrower does not have time to contact the insurance company in person, an online application can be submitted. To do this, you need to fill out a form on the website, indicating your full name, valid email address and contact phone number. The name of the bank and the amount of the loan provided are indicated.
After submitting the application, a confirmation will be sent by email. An Ingosstrakh employee will contact the borrower to clarify further actions and the list of documents for obtaining insurance.
What affects the cost of mortgage insurance?
The main influence is the size of the mortgage and the bank's requirements for coverage. First of all, the borrower is considered - age, health and gender.
The technical parameters of the property are taken into account - the degree of deterioration of load-bearing structures, materials of walls and ceilings. The status of the property is taken into account - a finished house or not yet put into operation.
The average tariff is at the level of 0.6-1%. To obtain information about the exact cost, you need to send an application to Ingosstrakh or contact the manager personally.
Various coefficients are used to calculate the cost of the policy. The final price depends on the following parameters:
- Requirements of the lender in relation to the content of the policy.
- Amount of credit debt.
- Age and gender of the policyholder.
- Type of property, its condition, year of commissioning - for a collateral financial protection policy.
- The client’s health status, the presence or absence of diseases - for the borrower’s insurance.
- Previous real estate transactions, their number and content - for the financial protection of the title.
The easiest way is to calculate the cost of insuring collateral property under a mortgage. To calculate the price of life insurance, the participation of a representative of the insurance company will be required. If necessary, he may request clarifying documents about the client’s health status.
Necessary documents for a mortgage at Ingosstrakh
The list of required documents varies depending on the type of insurance you want to take out.
To draw up an insurance contract, you will need personal data, such as full name, address and contact phone number. Provided:
- application from the borrower;
- passport;
- loan agreement;
- extract from the Unified State Register of Real Estate for existing real estate;
- financial personal account;
- certificate from the BTI with a floor plan;
- assessment report if housing is purchased on the secondary market;
- permission from the guardianship authority to register the transaction, if necessary;
- document of title (purchase and sale agreement).
In some cases, the company may request medical records or refer you for examination.
To apply for a financial protection policy, the borrower must prepare an application in which it is necessary to answer questions regarding health in detail and honestly. If necessary, the insurance company has the right to request a medical examination, an extract from the client’s outpatient card and other medical papers.
Insurance of mortgaged real estate and title requires the provision of documents on ownership (extract from the register of rights - USRN, purchase and sale agreement), a copy of the appraisal report to understand the real market value of the property.
"Ingosstrakh" - Questions and Answers on Mortgage
Here is a list of the main questions that insurance clients have:
- Answer
What is mortgage insurance?
These are insurance products that are designed to ensure the return of loan funds to the bank. For this, grounds are determined - such as loss of health or life, damage or loss of property. Banks require compulsory insurance.
- Answer
What is title insurance?
It insures the risk of loss of real estate due to deprivation of property for reasons beyond the control of the policyholder. It is possible when the seller is a fraudster or relatives appear who have been deprived of their rights to property. The insurance company will pay the remaining debt to the bank.
- Answer
What is the validity period of the insurance?
The real estate insurance contract is concluded for 1 year or for the entire period of the loan. The validity period corresponds to the number of years of the mortgage payment. Insurance is required for the entire payment period.
- Answer
How to defer payment of the next installment?
A deferment is possible if the bank provides written permission. In other cases, payments must be made on time.
- Answer
Is it necessary to visit the office to draw up a contract?
Registration is possible both online and at the insurer’s office or at the bank when concluding a transaction. An Ingosstrakh employee will bring the documents necessary for signing. The document form can be sent by email or in the original through a bank employee or a realtor partner. Collateral insurance is issued on the insurance company’s website.
- Answer
What to do if the policy is lost during the payment period?
Contact the Ingosstrakh office and write a statement. The employee will issue a duplicate, according to which you can continue making payments. You should call in advance and coordinate the production of a duplicate document.
- Answer
Why do you need mortgage insurance?
If an unforeseen event occurs, the insurance company will pay the debt to the bank. To do this, the situation specified in the policy as insurable must occur.
- Answer
Is it necessary to take out insurance for the entire term of the loan agreement?
Only for subsequent years in agreement with the insurance company. When signing the loan agreement, you must pay the annual cost.
- Answer
What if the insured event occurs during the deferred payment period?
The remaining premium must be paid within 10 days, otherwise the insurance contract will be considered terminated.
- Answer
Is it possible to make changes to the terms of the mortgage policy
? Yes, but all amendments must be reported to the bank that issued the loan.
See the entire list of answers to popular questions in the “FAQ” section: ingos.ru/#faq or ask your questions by calling the hotline: ingos-strahi.ru/telefon-goryachey-linii.
Ingosstrakh - Is it possible to refuse mortgage insurance?
The conditions for refusal of insurance and refund of the cost of the policy should be clarified in the text of the mortgage agreement that the client concluded with Ingosstrakh. The opposite situation also happens when the insurance company refuses to provide financial protection. Most often this is due to the characteristics of the property.
Perhaps it does not suit the policyholder’s conditions and poses an increased risk for him (worn out structural elements, an old date of construction, etc.). Life insurance will also be waived if the client has severe chronic illnesses or has reached retirement age.
Any borrower has the right to refuse insurance. But in most cases, banks stipulate sanctions for refusal in the contract, according to which the interest rate may double. Therefore, it is economically beneficial to pay insurance.
Which companies are the cheapest for Sberbank mortgage insurance?
Let's look at which company is cheaper to insure life for a Sberbank mortgage on Policy812:
Which of the proposed insurances is better? Despite the fact that the cheapest option is the PARI company, it is better to give preference to the Ingosstrakh company.
Clients choose this insurance most often and speak about the insurer mostly in a positive way. Ingosstrakh is a reliable and at the same time affordable company.
Which comprehensive mortgage insurance is cheaper:
Some of the most affordable policies in this category will be BET policies paired with other insurers.
You can look at Polis812 for more than 20 available options when calculating insurance.
About company
Basic facts about Ingosstrakh:
- systemically important insurance organization;
- consistently ranked among the top ten Russian insurers;
- has been the most mentioned insurance company in the press for 3 years in a row.
At the end of 2018, the Expert RA rating agency confirmed Ingosstrakh's rating at ruAAA. This is the highest rating, there is nowhere higher. It means that the subject of the assessment has the maximum degree of financial reliability and stability.
Ingosstrakh's partners are the following credit organizations:
- Sberbank;
- Gazprombank;
- Alpha;
- Promsvyazbank;
- Unicredit;
- Binbank;
- Raiffeisen;
- Connection;
- AK BARS;
- Rosbank;
- VTB;
- Uralsib;
- Home Credit;
- DeltaCredit;
- Revival;
- OTP;
- CreditEurope;
- Avers and others.
How to buy mortgage insurance for Sberbank online at a discount
You can get mortgage insurance at a discount for Sber on Polis812 in a few simple steps:
- Enter your mortgage information from Sberbank.
- Specify the type of insurance: life, apartment, comprehensive. Select.
- Fill in the information for the insurance contract and pay for your policy.
- The finished document will be sent by e-mail.
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Reviews
Reviews about the work of the Ingosstrakh company in terms of providing insurance services are varied. There are both positive and negative.
For example, the policyholder writes that he took out the wrong policy that the bank needed for a mortgage. Problems arose with the termination of the contract - the policy was issued online, and the insurance company employee in the office could not identify the client and find data about him in the common database.
But here is a neutral review from an insured who is a little upset that the return of the insurance premium upon cancellation of insurance takes quite a long time.
So, at Ingosstrakh you can take out comprehensive mortgage insurance in order not to pay the bank a debt in the event of various insured events - for example, in the event of a complete loss of the pledged property.
You may have any questions - we recommend asking them via chat to a lawyer (small window at the bottom right of our website).
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