Personal mortgage housing loan insurance will encounter some unpredictable risks in the process of loan repayment. In order to avoid this risk, banks will advise mortgage to buy a house people to apply for personal mortgage loans in home insurance. What kind of insurance is the personal mortgage loan in home insurance?
Personal mortgage loan home insurance is a kind of housing property insurance, also known as housing mortgage insurance, referred to as "comprehensive mortgage insurance" or "mortgage insurance". It means that if the borrower encounters accidental injury during the insurance period, resulting in death or disability and loss of repayment ability, the insurance company will repay the remaining loan principal. Usually this kind of insurance mortgages the house you are currently mortgaged, as well as ancillary facilities and other indoor property included in the value of the house. If you want this kind of guarantee, you may wish to refer to the following procedures:
1. Lender's application; The borrower goes to the loan bank to fill in the Application Form for Personal Housing Loan and submit the following materials: ① the borrower's ID card and household registration book; (2) Letter of Intent for House Purchase or other supporting documents; (3) A certificate of stable income of the borrower's family issued by the borrower's unit; (4) Other certificates required by the lending bank.
2, the loan bank review; The loan bank examines the borrower's loan application and other supporting materials, issues a loan commitment letter after passing the examination, and signs a mortgage contract with the borrower.
3. The borrower signs a purchase contract with the selling unit; The borrower signs the purchase contract with the selling unit with the loan commitment letter issued by the loan bank, and requires the selling unit to sign the purchase contract.
4. The borrower handles mortgage insurance; The borrower holds the house purchase contract to the insurance institution designated by the loan bank to handle the insurance of the mortgaged house.
5. The borrower signs a personal housing mortgage loan contract with the loan bank; The borrower holds a house purchase contract, mortgage contract, custody contract and insurance policy, and signs a personal housing mortgage loan contract with a third party (legal person) guarantor at the loan bank, and goes through the mortgage registration with the real estate management authority within 30 days. If the parties request notarization, they can go to the notary office for notarization.
6. Loan bank transfer; The loan bank will transfer the loan to the deposit account of the selling unit stipulated in the purchase contract.
Sign a pledge contract.
4. The borrower handles mortgage insurance; The borrower holds the house purchase contract to the insurance institution designated by the loan bank to handle the insurance of the mortgaged house.
5. The borrower signs a personal housing mortgage loan contract with the loan bank; The borrower holds a house purchase contract, mortgage contract, custody contract and insurance policy, and signs a personal housing mortgage loan contract with a third party (legal person) guarantor at the loan bank, and goes through the mortgage registration with the real estate management authority within 30 days. If the parties request notarization, they can go to the notary office for notarization.
6. Loan bank transfer; The loan bank will transfer the loan to the deposit account of the selling unit stipulated in the purchase contract.
What is real estate mortgage insurance? There are three main types of housing mortgage insurance.
According to the Measures for the Administration of Personal Housing Loans issued by the People's Bank of China, when handling personal housing loans, mortgage housing should be insured with housing insurance.
Housing mortgage insurance refers to the special housing loan insurance purchased by the borrower according to the contract when applying for mortgage loan. The insurer shall be liable for the property losses caused by the possible accidents stipulated in the contract. The insurance period of mortgage loan is from the date of mortgage registration to the date of paying off the principal and interest of the loan. The subject matter of the insurance is not less than the total principal and interest of the loan, and the first beneficiary of the insurance is the bank.
At present, there are three main types of housing mortgage insurance in China. One is comprehensive insurance, life insurance for borrowers and credit insurance for borrowers. The second is credit insurance, which combines the credit guarantee of housing enterprises with the mortgage guarantee of borrowers; The third is collateral property insurance.
What is personal loan mortgage in home insurance?
Personal loan mortgage in home insurance refers to material losses and related expenses caused by fire, explosion, typhoon, hail, rainstorm, flood and other reasons, and insurance companies can be responsible for claims settlement.
After 2004, the mortgage insurance was upgraded to comprehensive mortgage insurance, also known as comprehensive mortgage insurance or mortgage insurance, and the repayment guarantee clause was added: if the borrower died or was disabled after an accident, the insurance company could be responsible for repaying the remaining loan principal.
After 2004, various localities upgraded mortgage insurance to comprehensive mortgage insurance, referred to as "comprehensive mortgage insurance" or "mortgage insurance", and added repayment guarantee clauses: when the borrower dies, is disabled or loses repayment ability due to accidental injury, the insurance company will repay the remaining loan principal.
Content editing and broadcasting
The contents of housing mortgage insurance include:
(a) the object of insurance, that is, the owner of the house who handles the mortgage loan;
(2) Insurance property, mainly houses purchased by mortgage loans; Other related properties attached to the house due to decoration and purchase are not covered by insurance;
(3) The insurance period is consistent with the loan period. During the mortgage period, if the borrower interrupts the insurance, the loan bank has the right to provide insurance on behalf of the borrower, and all expenses shall be borne by the borrower;
(four) the amount of insurance and insurance premium, the amount of insurance is determined according to the fixed price of the house purchased, and the insurance premium is charged once a year;
(5) Obligations of the insured.
(6) Compensation for losses.
Editing and broadcasting of insurance clauses
Insurance property
A house purchased by a purchaser through a bank mortgage.
scope of responsibility
The insurance company shall be responsible for the compensation for the material losses and expenses caused by the following reasons:
1, fire;
2. explosion;
3. Lightning;
4. Hurricanes, typhoons and tornadoes;
5. Storms, rainstorms and floods; However, it does not include the change of normal water level, seawater intrusion and discharge from reservoirs, canals and dams below normal water level;
6. Hail;
7. Landslides and landslides;
8. Volcanic eruption;
9. Land subsidence, but excluding land subsidence caused by piling, underground operation and excavation;
10, flying objects fall and fixed objects such as foreign buildings collapse;
1 1, bursting of water tank and water gate, but excluding bursting of water tank and water gate caused by corrosion.
Excluded liability
Our company is not responsible for the compensation for the following items:
1. Any losses and expenses caused by intentional acts and gross negligence of the insured, the insured and their representatives;
2. Losses and expenses caused by the earthquake and tsunami;
3, devaluation, loss of market or use value and other consequences;
4. Losses and expenses caused by war, similar acts of war, hostile acts, armed activities, rebellion, coup, riots and civil strife;
5. Confiscation, requisition, destruction and destruction by government order or any public authority;
6. Any losses and expenses caused by nuclear fission, nuclear weapons, nuclear materials, nuclear radiation and radioactive pollution;
7. All kinds of losses and expenses caused by air, land, water pollution and other kinds of pollution, but excluding the risks listed in Article 2 of this insurance policy;
8. The exemption amount stipulated in the relevant clauses of this insurance policy schedule that should be borne by the insured;
9. Losses caused by other risks not listed in Article 2 of this insurance policy.
10, man-made loss
Insurance period
The term of the house purchase loan remains unchanged.
insurance
It is the actual total value of the house purchased.
Compensatory therapy
1. In case of loss within the scope of this insurance, the Company can choose the following methods to compensate:
(1) Compensation according to the value of the damaged property;
(two) to pay the cost of repairing and restoring the damaged property to its original state;
(3) Repair and restore the damaged property to make it basically consistent with similar property.
2. The compensation loss of the damaged property shall be calculated according to the current market price. When the market price is lower than the insured amount, the compensation shall be calculated according to the market price; When the market price is higher than the insured amount, the compensation shall be calculated according to the ratio of the insured amount to the market price. If there is more than one item in this insurance, the compensation amount shall be calculated item by item according to these provisions.
3. If the company pays the total loss after the loss of the insured goods, the residual value shall be deducted from the indemnity, and the company has the right not to accept the abandonment of the damaged property by the insured.
4. If there is any loss of a pair or set of articles, the company's liability for compensation shall be based on the whole pair or set, and shall not exceed the proportion of the damaged articles in the insured amount.
5. The Company shall compensate the reasonable expenses incurred by the insured after taking necessary measures to reduce losses, but the expenses shall be limited to the insured amount of the insured property.
6. After the company compensates for the loss, it will issue an approval to reduce the insurance amount from the date of the loss, and the insurance premium will not be refunded for the reduced amount. If the insured requests to restore the original insurance amount, he shall pay the insurance premium calculated on a daily basis from the date of loss to the date of termination of the insurance period according to the agreed insurance rate.
7. The claim period of the insured shall not exceed two years from the date of loss.
accountability
The insured and its representatives shall strictly perform the following obligations:
1. When applying for insurance, the insured and his representative shall make a true and detailed explanation and description of the matters listed in the application form and other matters proposed by the Company;
2. The insured shall pay the insurance premium in one lump sum when insuring;
3. During the insurance period, the insured shall take all reasonable preventive measures, including seriously considering and implementing the reasonable loss prevention suggestions put forward by the company's representatives, and all expenses arising therefrom shall be borne by the insured;
4. In case of losses that cause or may cause claims under this policy, the insured and its representatives shall:
(1) notify the company immediately, and provide the course, cause and loss degree of the accident in the form of a written report within seven days or within an extended period agreed by the company in writing;
(2) Take all necessary measures to prevent further expansion of losses and minimize losses;
(3) Keep the scene of the accident and relevant evidence before the investigation by the company representative or inspector;
(4) According to the company's requirements, provide all supporting documents, materials and documents as the basis of the claim.
special agreement
During the insurance period, after the buyer pays off the loan, the lender issues a certificate, the lender's insurance rights and interests are lost, and the insurer issues a letter of approval, and the insurer continues to be responsible.
settlement of dispute
All disputes concerning this insurance between the insured and the Company shall be settled through friendly negotiation. If negotiation fails, you can apply for arbitration or bring a lawsuit.
Can the insurance contract be mortgaged?
Insurance contracts can be mortgaged. The loan requirements of the insurance contract are as follows: (1) The insurance purchased is paid monthly or annually for more than 5 years. , pay for more than 2 years; Monthly payment for more than 25 months. The insurance contract is valid, and there has been no invalidation or reinstatement. \ Tip: There are many products of insurance contract loans, but the success rate of loans is relatively low, mainly because policy loans are unsecured and unsecured credit loans. Therefore, if you want a successful loan, you must fully understand the requirements of various banks, submit it in a targeted manner, and don't apply blindly, so as not to affect your credit information if the application fails.
Why do banks charge insurance premiums for mortgage loans? How much is the charge?
The object of insurance, that is, the owner of the house with mortgage loan, as a kind of property insurance, is mainly the house purchased with mortgage loan; Other related properties attached to the house due to decoration and purchase are not covered by insurance; The term of mortgage insurance is the same as that of loan. During the mortgage period, if the borrower interrupts the insurance, the loan bank has the right to provide insurance on behalf of the borrower, and all expenses shall be borne by the borrower; The insurance amount and insurance premium of mortgage insurance are determined according to the fixed price of the house purchased, and the insurance premium is charged once a year. Second, what materials are needed for real estate mortgage loan?
The required materials are as follows:
1. Original and photocopy of real estate license and state-owned land use certificate;
2. The original real estate mortgage contract;
3. The identity certificate or legal person qualification certificate of the mortgagor;
4. Power of attorney (when entrusting others to handle it);
5, real estate mortgage registration application (provided by the mortgage registration department);
6. Marriage certificate or divorce certificate, etc.
7. Other materials that need to be proved.
Loan terms:
(1) has legal status;
(2) Have a stable economic income, the ability to repay the principal and interest of the loan, and no bad credit record;
(3) There is a legal and effective purchase contract;
(4) If the newly purchased house is used as the maximum mortgage, it must have a legal and effective purchase contract, the age of the house is within 10 years, and a down payment of not less than 30% of the total price of the purchased house has been prepared or paid;
(5) If a house mortgage loan has been purchased, the original house mortgage loan has been repaid for more than one year, the loan balance is less than 60% of the value of the mortgaged house, and the mortgaged house has obtained the house ownership certificate, and the age of the house is within 10 years;
(6) Being able to provide effective guarantee recognized by the loan bank;
(7) Other conditions stipulated by the lending bank.
3. What is the company's real estate mortgage loan process?
1, application;
2. Inspection: inspect the operation, financial status, mortgaged assets, tax payment, credit status, business owners, etc. of the enterprise, and initially determine whether to guarantee;
3. Communication: communicate with the loan bank to clarify the amount and duration of the loan to be granted by the bank;
4. Guarantee: clarify the legal procedures such as guarantee and counter-guarantee agreement, asset mortgage and registration with the enterprise, sign a guarantee contract with the loan bank, and formally establish a guarantee relationship with the bank and enterprise;
5. Lending: the bank issues loans to enterprises on the basis of reviewing the guarantees, and at the same time collects guarantee fees from enterprises;
6. Tracking: directly track and check the operation status of the enterprise through quarterly tax payment, electricity consumption and cash flow increase and decrease;
7. Prompt: Prompt in advance one month before the enterprise repays the loan;
8. Cancellation: Cancellation of mortgage registration with corporate bank repayment form;
9. Record: record the credit status of this guarantee, which is divided into four grades: normal, abnormal, overdue and bad debts, and provide credit records for subsequent guarantees;
10. Filing: all kinds of agreements signed with banks and enterprises, as well as vouchers after repayment of loans and vouchers for cancellation of guarantee, etc., are sorted, filed and sealed for future file search.
Do you need insurance to buy a house with a loan?
It is generally necessary to buy insurance, and it is obviously unreasonable that the insurer is not the biggest beneficiary of insurance.
Banks require lenders to apply for insurance according to the Measures for the Administration of Individual Housing Loans of the People's Bank of China. Article 25 of the Measures stipulates: "If real estate is used as collateral, the borrower shall go through the relevant insurance formalities at home insurance or entrust the lender to handle it before signing the contract. During the mortgage period, the insurance policy shall be kept by the lender. "
Because there are no detailed rules for the implementation of this clause, the bank has set many clauses on its own.
Judging from the current national regulations, there is no requirement for borrowers to purchase insurance when handling mortgages. However, in order to improve the security of loans, some banks often force borrowers to buy insurance.
Compulsory insurance is often a two-way insurance developed by life insurance companies. This kind of insurance will replace the borrower's repayment after the borrower loses the repayment ability. So this kind of mortgage insurance is still useful.
Solution:
1. Repeatedly consult the loan bank to try not to buy insurance;
2. Consult other local commercial banks and choose a bank that does not need to buy insurance for mortgage;
3. Report the overlord clause of the bank to the relevant departments, and strive not to buy insurance.
Generally speaking, mortgage loans are not compulsory to buy insurance. Compulsory insurance is a kind of "overlord clause"