Combined local features of the contract of insurance

The signing of the mortgage contract is not without its mandatory insurance - is one of the most important stages of the transaction between the borrower and the financial institution that can have serious consequences. The obligatory insurance of multiple mortgages, in each case its design and carefully monitors the credit department of the bank - as practice shows, this measure can safely allow a number of contentious issues, often arising in the credit relationship. The Treaty of combined insurance practical confirmation of insurance of mortgage - a document called "Agreement of the combined insurance." Form of agreement has a template, but often it made additional points on the development of which employ the leading lawyers of the company. The agreement provides several concepts - life insurance buyer's real estate and his ability to work, as well as mortgage insurance facility, which is made mortgage lending, insurance and property rights for new housing. Registration contract insurance combined insurance companies authorized to do. Often they enter into a tacit agreement with the banking institution, has a right to enter into insurance deals with each of his client, seeking a bank for a mortgage. However, the borrower has the right to refuse the conditions imposed on it and choose another insurance company, notifying the banking structure. Insurance costs of the property, which issued the mortgage, usually borne by the borrower, increasing its costs. But if you get acquainted with the provisions of the contract of insurance combined, it becomes clear that the vast majority of its provisions aimed at protecting the interests of financial institutions, and possible payments as compensation for harm suffered will be carried out exactly in his favor. Additional measures in the insurance contract mortgage before you sign a contract of combined insurance company of the insurer carefully examines all aspects of the transaction for their legitimacy. Review to be a common history of the property, the amount prescribed in its citizens, including - Juveniles are temporarily absent or serving time in prison. If the number of tenants unnaturally large, and there have been instances of frequent change of owners, the insurance company may refuse registration of a combined contract of insurance or request more time to study the details of such an unusual case. Another important step before entering into a contract of insurance combined - is a complete verification of the technical condition of the property. If his previous owners have not agreed on partitioning and its implementation in due course, the insurance company has every right to refuse to sign the treaty, and mortgages may be in jeopardy. Before the new owner can be delivered condition urgently undertaken to legitimize changes, and only after obtaining all permits, he can expect to receive approval. For the borrower, the issuing mortgage loan for the purchase of apartments, great importance is a thorough inspection of the object for its "purity law - the law of all previous transactions, the number of prescription and prescription of citizens who, in case of violation of law, may reclaim their rights to the immovable property by defending them in court.