Mortgage insurance

Mortgage insurance
Savings on mortgage insurance What can you advise in terms of cost for mortgage insurance:
usually deal on a mortgage held through real estate agencies. This is understandable: the real estate market professionals arrange literacy and, most importantly, faster but more expensive, because have to pay for their services. In particular, they can help with insurance and, pointing to the specific insurers who "do everything well and quickly." You've got to understand that the real estate agency and insurance company linked by contractual relations, in which the insurer transfers a certain percentage of the contract with the insurance agency. That is, your broker directly interested in that rate on the mortgage insurance was not the lowest. Therefore, if you do not want to pay too much, MirSovetov recommends you ask for a whole list of companies with which the bank operates, in which you get the loan. And turning to each select the most suitable option - this approach will allow you to save some of your money. If you have not signed an agreement for the best of circumstances, you have the opportunity to terminate the contract and conclude the following year in another company on more favorable terms;

Under the terms of the loan agreement with the mortgage insurance can be insured three cases:
Insurance of pledged property (house, apartment);
life insurance, health borrowers;
so-called "title" insurance, that is, insurance in case your sale transaction invalidated by operation of law.
The requirements of different banks are different, and you may be required to insure one or two, or even all three of risk. Here, you need to carefully examine the credit agreement and the contract of insurance that you have not included in insurance "unnecessary" risks.
Other types of insurance
How to save for insurance There are many different types of insurance, which we sometimes do not even know. Speak Now all naturally meaningless. In conclusion MirSovetov would like to dwell on two forms: a voluntary insurance of property (house, apartment, decoration, household appliances, etc.) and personal accident insurance.
On the market today there are so many different "insurance products" offering protection for these two types of insurance. They have different risks, the extent of liability, price, etc. Here are the main advice to you is this: clearly define for themselves what is and what you want to insure and select the most suitable option.
Remember insure all and from all will be very expensive! To avoid paying too much for what you are and do not worry, give up these moments, and then the price of the insurance would be much lower.
Example: You live in an apartment and you are most concerned about the fire and "the neighbors do not drown." In this case you need to insure only the interior decoration and household property from these two risks, and structural elements (walls, floor, etc.) and other risks to insure you do not. This will give you substantial savings.
Another example: You want to protect yourself from an accident. Most of you are concerned about the possibility of injury in the workplace. Specify in the contract that the insurer will be liable only in the workplace, it will also give you substantial savings.