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Pledge Insurance under Personal Home & Car Loans

This programme is designed to insure real estate and vehicles purchased with a loan.

Real Estate Insurance

Insured Object

Property interests of the Insured in case of loss or damage to the insured real estate property (apartments, residential houses, country cottages, garden houses, land plots).

Insured Events:

Loss or damage to real estate property as a result of:

  • fire;
  • explosion;
  • flood;
  • natural disasters;
  • theft;
  • robbery;
  • assault;
  • wilful destruction of property by third parties;
  • other circumstances.

Sum Insured

The sum insured may be calculated in two ways:

  • The actual value of the real estate (the sum insured remains constant throughout the term of the insurance contract);
  • The outstanding balance on the loan (the sum insured decreases each year in accordance with the reduction in the outstanding balance on the loan).

Payment Period for Sum Insured

Within five business days after receiving all documents required for the decision.

The Amount of the Claim

The actual cost of restoring the damaged (lost) property, adjusted for wear and tear of replaceable parts and materials but no more than the sum insured.

Car Loans

Insured Object

  • Property interests of the Insured (Beneficiary) associated with the possession, use and disposal of the vehicle and additional equipment installed in such vehicle.
  • Property interests of the Insured (Beneficiary) associated with the possession, use and disposal of the vehicle and additional equipment installed in such vehicle as a result of damage or loss (destruction, disappearance), including prior to the registration of the vehicle.

Insured Events:

Loss or damage to the vehicle as a result of:

  • road accident;
  • fire;
  • explosion;
  • collision with another vehicle;
  • running down (making impact with) fixed or moving objects (structures, obstacles, animals);
  • rollover;
  • fall of any objects, including trees, snow and ice;
  • discharge of loose gravel, stones and other objects from under the wheels of transport;
  • falling into water;
  • sinking under the ice;
  • natural disasters;
  • illegal acts of third parties;
  • theft of the vehicle (loss as a result of larceny, robbery or assault).

Sum Insured

No more than the actual (market) value of the vehicle; no less than the outstanding balance on the loan.

Payment Period for Sum Insured

Within five business days after receiving all documents required for the decision.

The Insurance Premium

In accordance with the rates of the insurance company. You can find more details at any branch of Sberbank of Russia.

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