Return of insurance for the loan. Return of mortgage insurance

Getting a loan from a bank is a procedure in which a borrower sometimes has to pay certain types of commissions, and also enter into a loan insurance agreement. If the entire amount of debt is repaid ahead of schedule, the borrower has the opportunity to get a refund on the loan. There are several ways to do this.

Situation in the structure

Not so long ago, almost all banks introduced new obligations for borrowers in the form of health, life and property insurance. Now, when making a loan or a loan, the client of the bank must sign an insurance contract. Because of this, there is a need for additional funds. But the legality of compulsory insurance is sometimes a big question. And if you know this, it is possible to get a refund on the loan. The law in force at the moment allows this to be done.

Loan protection

Banking institutions insure the amount of the loan in order to secure themselves and receive back funds issued to the client, under any circumstances. The current legislation says that health and life insurance is voluntary, but the collateral must be protected necessarily. In fact, many banks impose absolutely all types of insurance on clients, but in the case of a vehicle or real estate that act as collateral for the bank, this procedure is also quite profitable for borrowers themselves. If there are unforeseen circumstances in the form of partial destruction or complete destruction of the house, the rest of the debt will have to be closed by the insurance company. However, quite often such a contribution acts as an expensive and unnecessary option, and insurance coverage for a loan is not always available.

If the borrower is confident that he will be able to repay the loan soon, then such an additional service will only take money from him. It is worth agreeing to conclude an agreement with the insurance company only in those situations where the loan is taken for a long period and the risk of loss of solvency in the event of loss of work due to job cuts or loss of health is great. These are insurance cases, so you can expect that the company will be refunded money.

Execution of the contract

When borrowing a loan, the borrower often pays for various commissions, which were not notified in advance. Often he has to pay a so-called insurance sum. If such a contract was not available, you can apply to a financial institution with a written application for the return of insurance for the loan. If the bank agrees, the borrower will get his money. If you do not agree, then you can file a lawsuit. Return of insurance for the loan will be made when resolving the case in favor of the borrower.

"Underwater rocks"

When a client decides to conclude a loan insurance agreement , he needs to study all the conditions prescribed in it as carefully as possible. It indicates the amount of the policy, as well as lists the items relating to the possibility of recovering the sum insured in different situations, in particular in the event that the contract is terminated. The borrower has the right to offer certain and essential terms of the contract, on which he is ready to assume obligations.

Subjects of the contract

1. Health and life of a person to whom borrowed funds have been issued.
2. Real estate, which is purchased under the mortgage program, and then acts as collateral for the mortgage. It should be noted that the return of insurance for a mortgage has certain characteristics, which will be discussed later.
3. A vehicle that was purchased for a car loan.

Such types of insurance are designed to give the client an opportunity to repay the loan debt in the situation when an insurance event occurs.

Description of the procedure

How in different regions of our country can I get a refund on the loan? Ufa, for example, is a city in which it can be obtained in institutions such as Sberbank and Renaissance Bank. In each individual case, the situation is considered by specialists. When the entire amount of the loan is paid in advance, when the insurance contract is still valid, you can get the money already given to the insurance company. To do this, a written statement must be sent to her about the refund of the amount that was overpaid. At best, the company's employees will make calculations, after which you can expect to return insurance on a consumer loan. In the worst you will be denied payment, and then you can file a statement of claim to the judiciary. According to the court decision, the client will be paid the remainder of the paid amount, and all the legal costs will be paid by the insurer company.

In some cases, the terms of the contract may imply the need to pay the insurance policy annually. In this case, if the loan is repaid in full, the client can stop its payments under the insurance contract, effectively giving up the company's services in the future. If the contract lacks any special conditions, it will cease to exist automatically.

If, on the other hand, we continue to talk about where the insurance coverage for the loan is being paid in certain regions, Krasnoyarsk is a city in which it can be obtained in institutions such as Sberbank and Renaissance.

Amounts to be returned

When an insurance company agrees to terminate a contract and return money to a client, it is often aimed at paying less to the client, reducing it by including what is included in the calculation. The return of insurance for the loan has so far been carried out without carrying out any specially developed and approved methods for calculating the amount. In the event of the cancellation of the contract, only the provision that allows the retention of funds at the expense of the organization's expenses for servicing the contract ahead of schedule during the period of its operation. The client has the right to the requirement to provide a cost estimate after the fact. In the basis of this calculation, only the commission to the employee of the firm should be pledged for the fact that he accompanied a specific contract.

Refusal to pay insurance

The company may refuse to pay the client the amount of insurance relying on him, referring to certain circumstances:

- Missing the deadline for submitting an application. Usually it is a month after the occurrence of the insured event, unless otherwise specified in the contract. If you can not write a statement for some reason, you should notify the employee of the company.

- The application does not contain the required data: the contract number and the date of its conclusion, information about the insured person, and there is no date of occurrence of the insured event or its circumstances.

- Documents on the fact of an accident that is necessary for payment are not attached.

The package of documents can have a different composition depending on the type of insured event:

• The onset of incapacity for work entails the provision of a medical certificate and an extract from the patient's card;
• The death of the insured person requires the provision of an appropriate certificate from the registry office.

In the latter case, the credit insurance will be refunded. "Renaissance" is a bank in which the refund is made to the beneficiary specified in the contract or to the heir. Receiving cash in a bank "Renaissance" is not very difficult, if you comply with the terms of the contract. To do this, you just need to provide the complete package of required documents.

Know your rights!

In accordance with the Law on Insurance of Individual Deposits with Russian Banks, the process of processing a loan does not allow financial institutions to require borrowers to insure their health or life. However, most of these organizations, in order to gain a certain benefit, use clients' ignorance of laws and their rights. Most often, clients do not read the terms of contracts thoroughly, but agree to make insurance, because they are convinced that this is an obligatory condition for lending.

However, the borrower has the right to refuse insurance even after he signed it. To return the money that was paid for it, the borrower is required to write an appropriate application, and then transfer it to a bank or an insurance company. In case of rejection of the request, you can apply to the court and Rospotrebnadzor with statements of claim. However, in this case, the client will have to pay all legal costs independently.

Terms and conditions of the loan agreement

Before you contact, for example, Sberbank, the return of insurance for the loan in which you want to claim, you need to carefully study the loan agreement. If it indicates that with early repayment no refund is possible, then the claim will be rejected by the court, because the bank will not violate any rights of the borrower.

View from another angle

Insurance can also be viewed on the other hand. It is a very profitable way of investing money, as well as an opportunity to return your funds in case of any unforeseen situation.

The borrower, if desired, can maintain relations with its insurance company, but after the loan obligations have been completed, it is required to re-arrange the contract so that the borrower or his relatives become the beneficiary, and not the bank in which the loan was drawn up, for example, Sberbank.

Return of insurance for a loan when paying off a mortgage or a car loan ahead of schedule

Insurance of real estate and car is a prerequisite for the loan. This is a tool to protect the bank against possible risks, since the car or real estate that is purchased becomes more often a collateral. But if the repayment of the loan was early, and the insurance remains valid, then the borrower has the right to return the balance of funds. To do this, write a statement with which you need to contact the insurance company.

In the situation with Sberbank, as with all the rest, everything will be so. If, within a month after the loan was issued, the borrower requested a refund of the insurance premium and the bank's request was granted, then the full amount will be received in full.

In the case when a longer period of time has elapsed since the loan was issued, the borrower can expect only a part of the insurance premium to be refunded. To do this, he needs to contact the Sberbank office with a passport and application. It usually takes about a month to review the situation. If the bank will satisfy the borrower's request, the funds will be transferred to his bank card or personal account. Sovcombank also operates in the same way. Return of insurance for the loan is not made only in the circumstances described above.

conclusions

Before you sign a credit insurance contract, you need to carefully and carefully examine all of its provisions, and include a clause on the possibility of termination and prescribe the conditions for the return of insurance. It is recommended to conclude such an agreement in case you take a loan for a long term and are not sure that you will be able to repay it ahead of schedule. If you managed to pay it ahead of time, then you can safely write an application for the return of insurance on the loan.