Is insurance of credit a necessity or additional service of banks?

A man that though one time designed a credit certainly ran into additional life-insurance. Whether this insurance is needed to the borrower or it is additional earnings of banks and insurance companies only.

Two types of insurance differentiate at registration of credit : loss of workplace in the period of payment of credit and death of borrower. If the first kind has more or less adequate sense yet, then the second kind probably the superfluous knocking out of monetary resources for a borrower. At losses of workplace an insurance company will be able to recover not all sum of credit, and just 50 or 90% sums of credit.

In respect of mortgage insurance, then,in obedience to a legislation, will be to insure the object of the real estate in any the cases. This one of basic terms of all banks. Jars give a few insurance companies at choice, which one to give preference to decide it will be had. It is better to honour reviews about every insurance company, before to take your choice. And insurances at other types of credit a for example consumer or credit auto, takes place at discretion of citizen. In this case a rate on a credit and overpayment increase in times, that to result accordingly in a rise in prices of credit.

On the average on Russia an overpayment for the fact of presence of insurance makes about 10 %. Some bank employees do not ask citizens about that, whether they need in this insurance or no. And simply напросто independently inscribe insurance without the privity of borrower. Such actions are not legal. To avoid such misunderstanding turn the attention on a credit agreement, ask specialists concerning these types of insurance. Remember that imposing of additional insurance they do not have right, if it is a not mortgage.