Mortgage insurance

To ensure your mortgage rate does not increase, pay your annual insurance premiums and send supporting documents to Uralsib.

• To renew the agreement, contact the insurance company (IC) in advance and inform the manager of the outstanding loan balance. You can find it in the mobile app and Uralsib Online web version or by calling the toll-free number 8 800 250-57-57.

If you are making a partial early loan repayment immediately before renewing the insurance agreement, inform the insurance company of the current outstanding balance.

If you did not manage to renew the insurance agreement on time, enter into a new agreement and provide supporting documents to Uralsib.

• The insurance company will prepare and send you an invoice for payment. The insurance premium must be paid, and the payment receipt must be sent to KK@uralsibbank.ru. Email subject: No. of the credit agreement_Full name of the Borrower.
• If you have entered into an additional agreement to the mortgage insurance agreement or changed the insurance company, send scanned copies of the new documents and the insurance premium payment schedule together with the payment receipt.
  

Recommended insurance companies

LLC “Sovcombank Insurance”. 

You can purchase a policy online on your own. If you want assistance with arranging the policy, submit a policy renewal request.

Contacts:

• toll-free number 8 800 100-21-00,
• email address osir@sovcomins.ru
  

If you have a valid policy issued by LLC “Inlife Insurance”, send a request to osir@sovcomins.ru and specify “Inlife Renewal” in the email subject line.

• Full list of recommended companies

Please уточняйте payment methods for insurance with the insurance company.

Detailed information about insurance risks, your insurance company, insurance periods, the insurance agreement number and other details can be obtained by calling the toll-free number 8 800 250-57-57.

If an event occurs that has signs of an insured event, you must immediately contact a bank branch and present the original death certificate of the Borrower or co-borrower and, if available, the certificate of inheritance rights, as well as provide additional information about the heirs:

• Full name;
• degree of kinship;
• registration and residential address;
• contact phone number;
• email address.

To have the event recognized as an insured event, contact the insurance company (hereinafter referred to as the insurer), and if this is not possible, contact the bank and provide the full set of documents upon request.

Wait for the insurer's decision. If the event is recognized as an insured event, the insurer will request from the bank a certificate indicating the outstanding loan debt under the loan agreement and will transfer funds to the bank to repay the loan or part of it within the time limits established by the insurance contract.

Important! Interest on the mortgage loan accrued on the principal debt from the date of death of the Borrower or co-borrower until the date of inheritance rights taking effect shall be paid independently by the heir.

To resolve issues related to all other insured events (disability of the Borrower or co-borrower, loss or damage to the structural elements, or loss of title, etc.), you must also contact the insurer or the bank, while continuing to make loan payments until all issues are resolved and the insurer pays the insurance indemnity amount (if the event is recognized as an insured event).

If you do not know the name of the insurer or do not have information about insurance of the loan agreement, contact the bank by hotline at 8 (800) 250-57-57.

Attention!

If you are in a difficult financial situation or the insurer has refused payment for the insured event, and you are unable to make timely loan payments, contact the bank by phone at 8 (800) 250-57-57 for loan restructuring. The unified federal restructuring helpline operates on weekdays from 07:00 to 16:00 Moscow time.

Title insurance is protection against financial losses if legal issues with property rights arise after the purchase of real estate. For example, an unaccounted heir of the previous owner may be discovered, or the transaction may be declared invalid due to errors in the documents.

Why insurance is needed
Title insurance is voluntary, and you may decline it. However, in that case the mortgage rate will be higher, and the interest overpayment will be greater. Without insurance, you may lose the property or the money spent on its purchase. The policy will cover:

• Legal costs — if you have to prove your rights in court.
• Compensation for losses — for example, the cost of the apartment.
• Mortgage risks — if the bank requires early repayment of the loan.

How does it work?

• Arrangement — when buying real estate, you choose the insured amount, which is usually equal to the value of the property.
• Review — the insurer examines the ownership history.
• Protection — if a dispute arises later, the company will compensate for the losses. 

This is protection for an apartment or house that serves as collateral for a mortgage. Without it, the bank will not approve the loan — this is a legal requirement — Article 31 of Federal Law No. 102-FZ.

What the insurance covers

• Fire, explosion, lightning strike;
• Flooding, including plumbing accidents and damage caused by neighbors;
• Natural disasters, for example, a hurricane or flood;
• Damage caused by unlawful acts, for example, vandalism.

Can you отказаться from the insurance?
No, if the insurance is not taken out, the bank will not approve the mortgage loan. This is a legal requirement — Article 31 of Federal Law No. 102-FZ. In the event of early repayment of the mortgage, part of the insurance premium may be refunded.