question "whether it is possible to give up the insurance on the loan" is now very important for many borrowers.However, some are of the matter before the issue the credit, while others - later.In this case situation equal.
Why do you need insurance coverage?
Today, financial institutions offer various loan programs, beginning and ending with the ordinary consumer mortgages.Some may think that the consumer credit insurance is absolutely not necessary, and are looking for different ways to refuse insurance on the loan.However, refusing to be understood that at this moment you become risky for the bank by the borrower.
O insurance is necessary to specify in advance
In many cases, the answers to this question have already spelled out in the contract of lending and insurance contract.Therefore, after the signing, in most cases it is too late to think, is it possible to refuse insurance on the loan.Therefore, choosing a credit program, you must be aware of the credit agreement and to consult on all issues with the manager.First of all, you must know the conditions and the amount of insurance premiums on all terms of credit.
If the loan agreement says that insurance is not necessary, ask whether you can give up the insurance on the loan immediately prior to signing the contract, and how this refusal will affect the interest rate.
avoid property insurance will not be able
According to many lawyers, in accordance with Article 935 of the Civil Code, a citizen may be subject to liabilities associated with insurance purchased property.Article 31 of the Law "On Mortgage" stipulates that the borrower must provide the coverage their own apartments (purchased on credit) from possible risks.In connection with the introduction of the law no one to give up on the mortgage insurance are not allowed.
Refusal of this type of insurance may cause the denial of credit.Some banks are ready to offer alternative programs.For example, some are asked to take out insurance solely on the structural elements, the other by a significant increase in interest rates does not require to make out insurance contract.The difference in rates can sometimes reach 10% per annum.It turns out that it is cheaper to insure their own property from the mandatory risks.
Can I opt out of insurance for the loan through the courts?
If after the signing of the loan agreement you learned on compulsory insurance, without which the bank refuses to provide loan funds, you can go to court.In this case, you must make a claim in which you want to express your own request to return the money.Today, the imposition of optional insurance services - widespread disruption in the financial sector.
in court if there is documentary evidence can return the money for insurance.
