Credit Money: mortgage insurance as chicken ribs »which six will not compensable

To buy mortgage insurance does not mean that peace of mind, insurance companies, the mortgage insurance claims are strictly limited conditions. The following encounter these circumstances, insurance companies will refuse to claim, consumers should be prepared to do a good job in the corresponding.

First of all, because if they are housing design errors, material defects, poor technology, settlement building and the natural wear and other reasons, caused the loss of normal maintenance, insurance companies, not compensable. Therefore, buy a house, the conditional case, professional bodies housing quality inspection is to avoid the above problems caused by the loss of good way.

Secondly, the accident happened before, buyers did not perform "personal housing mortgages contract" agreed to loan obligations owed the amount of principal and interest of the borrower, not the insurance company claims. This requires a repayment ability of the insured must be promptly returned when the mortgage principal and interest, so the loss of ability to repay, the mortgage insurance can play a role.

Third, some external factors have led to the sudden loss of housing, insurance companies do not claim. Including war, similar to the conduct of war, military operations, armed conflict, strikes, riots, civil unrest, resulting in the death or loss of property buyers the ability to repay; due to nuclear radiation or contamination caused the death or loss of property buyers the ability to repay; Chief Acts or acts of law enforcement, resulting in the death or loss of property buyers the ability to repay; due to an earthquake or secondary cause of the earthquake, resulting in the death or loss of property buyers the ability to repay. The above factors, a number of factors can not be, can other types of property insurance to more risk added.

Fourth, the existence of the insured accident or negligence, the insurance companies do not pay. Due to buyers or their family members intentional acts, causing death or loss of property buyers the ability to repay; due to suicide, self-injury, excessive drinking, drug abuse, illegal and criminal activities led to the death or loss of property buyers The ability to repay; buyers were arbitrarily change the structure of housing. Paying particular attention to changes in the structure of this article. Many families in the decoration when unauthorized changes in the housing structure, this may be a problem for the future housing mortgage applications for claims of hidden dangers.

Finally, buyers due to illness or death loss of ability to repay the insurance company not compensable. In addition, the insurance company also provides buyers must perform the following duties, or when accidents fell, the insurance company will not pay for - insurance, home buyers should be housing situation truthfully inform the insurance company, the signing of insurance contracts One-time premium paid at all; States should comply with the fire, the security of the provisions and safeguard the security of housing, if the insurance policy describing the content of change, insurers should be timely to apply for correcting procedures such as a loss, Buyers should be actively rescue, to reduce losses to a minimum, while protecting the scene and immediately notified the insurance company to help survey.

In addition, according to insurance terms, only to return the loans were the main loan in an accident, can be compensated. To participate in the repayment of the loan-to-person Senate in the accident, insurance companies will not accept the claims. However, this one in the new mortgage insurance market has been broken, many insurance companies have introduced new types, can be implemented husband and wife were over, or a total of loan security. Repayment of any of the parties in question, insurance companies offer claims.

Observation: mortgage insurance as chicken ribs »

Beginning last year, all major banks in phasing out the mandatory mortgage insurance sales and bundling. Abolition of the compulsory purchase of mortgage insurance, plus bank lending rate has been higher first quarter of this year, mortgage insurance encountered surrender Chao, a number of new loans were no longer buy mortgage insurance. Well, not really using mortgage insurance? » Who should buy mortgage insurance » AB "% r wj LaO E ~ |!

Must first be made in the past mortgage insurance there are indeed many problems. For example, the insured to pay the insurance money, as banks are the beneficiaries, resulting from the sale of claims, such as links to a range of issues. For instance, mortgage insurance costs more, many types of compulsory one-time barge pay for the increased burden on home buyers. In addition, there are less mortgage insurance coverage, many cases are not within the security and other factors. Faced with these issues, many buyers are not willing to pay for the mortgage insurance.

However, despite many problems, we should emphasize that in the long repayment period and the use of interim housing, whether housing or the borrowers are likely to face unpredictable risks, a certain degree of protection for families and individuals are all Good.

Industry experts point out that mortgage customers can actually according to their occupation, age, income, insurance, etc. have been insured, to determine whether or not to purchase, and how to purchase mortgage-related insurance.

At present, many housing insurance claims on condition that the heavy rain, floods, explosions and other accidents caused by the loss of housing, in general, the possibility of extremely small, if the borrower to save expenditure, who can only insured risk. Has purchased a large amount of life insurance policyholders could be considered not to buy mortgage insurance.

The so-called large, judging criteria, physical distress, the amount of compensation should be more than the outstanding amount of housing loans. In addition, we should consider compensation for other personal distress even after the daily lives of links. Therefore, in general, life insurance amount of compensation paid after the mortgage is also available in adequate balance of the insured can not buy mortgage insurance. If the funds are well-off, may wish to buy housing and property insurance, to get more protection. Of course, the borrower can choose both the grantor and the security of mortgage insurance.

The current mortgage insurance varieties have started to increase, to enter May, in order to cope with the market downturn, many insurance companies launched a new product. Whether from the scope of protection or reasonableness of the claims have improved. For example, the new mortgage life insurance category regarded the disease caused by repayment difficulties included in the settlement areas. Some products introduced the couple a total of over, no longer adhere to the main lenders appear before the accident claims, which are dangerous for the purchase of new mortgage loans provided a wide range of choices. In addition to the new insurance, mortgage insurance in the past some of the problems there have been changes. For example, no longer mandatory requirement for mortgage insurance pay a one-time barge. The current economic pressure on the big policy holders can choose to pay in, but on the relatively high rates.

In the mortgage insurance constantly making adjustments to the increasingly competitive market at the same time, according to their own conditions appropriate to consider the purchase of a mortgage insurance, now seems necessary or useful.