What is mortgage insurance

Mortgage insurance is a service that protects the borrower and the lender from risks related to real estate, the borrower or their obligations. The policy helps avoid large losses in case of property loss, borrower defaults or legal disputes

How it works?

Create a mortgage policy for your property

Specify the insured object and the list of risks that will be covered

1

Protect the interests of the borrower and the lender

In case of loss of ownership, damage or loss of property, the damage shall be compensated

2

Ensure the fulfillment of mortgage obligations

Policy reduces borrower default risks and creditor losses

3

Benefits for Borrower

Housing protection
Housing protection
Coverage of damage from natural disasters, fires, floods, etc.
Family support
Family support
If the borrower loses his/her ability to work, the repayment of the loan will not be a burden on his/her family
Legal protection
Legal protection
Property loss losses compensation

Benefits for creditors

Assets protection
Assets protection
Confidence in the return of the issued funds in case of any force majeure
Decrease default risks
Decrease default risks
Compensation in case of loss of the borrower's property or financial problems

Risks we cover

Property loss

Property loss

Damage caused by fire, flood, illegal actions, etc.

Loss of the borrower's working capacity

Loss of the borrower's working capacity

Includes death, disability or temporary disability of the borrower

Loss of ownership

Loss of ownership

Coverage of legal disputes, fraud or errors in registration

What to do if something happens?

1

Notify the insurance company.Tell the insurer about the incident in a timely manner and clarify further actions

2

Please collect the supporting documents. Policy, certificates, certificates and acts

3

Please wait for the test. The insurance company will assess the damage and make a decision on the payments

4

Get compensation. The funds are directed to the borrower or creditor for the repayment of losses