Mortgage Loan Insurance
The Home and Family Protection insurance program integrates Life Insurance protection by UBB - MetLife Life Insurance Company AD and Property Insurance by Nova Ins EAD (UBB-AIG Insurance Company AD) as an inseparable part of UBB mortgage loan parameters.
Life Insurance coverage by UBB - MetLife
- Death due to sickness or accident with face amount equal to the residual loan amount.
- Permanent Total Disability (PTD) due to sickness or accident with face amount equal to the residual loan amount.
- Total temporary disability (TTD) due to sickness or accident. The indemnity equals the monthly loan installment. After 60-day waiting period indemnity will be paid for each full 30-day period of TTD. The coverage option is active with group policy 2024.
Property Insurance coverage by Nova Ins EAD
Damages to the mortgaged property arising from:
- Fire; thunder (lightning); explosion; falling of and collision with a flying object; flood; water damage as a result of failure in the plumbing, sewerage and heating installations; hurricane; hail storm; falling of trees, poles and other objects, which are not part of the damaged insured object and which do not belong to the same class of objects; weight due to the natural heaping of snow and ice; landslide and subsidence; damages caused by smoke; vandalism; earthquake;
- Additional coverage: Civil liability for damages, resulting from injuring the property of third parties, as a result of fire, explosion, flood, water damage as a result of failure in the plumbing, sewerage and heating installations of the insured object, which damages the Insured is obligated to indemnify on tort-related grounds.
Limit of liability - BGN 500. The coverage is activated with all insurance polices after Y2008.
With regard to Life Insurance
With regard to Property Insurance
In case of an insured event under a Life Insurance policy
The insurance claim may be submitted via a UBB branch or directly sent to the Insurance company.
See detailed information about the required documents or visit a branch of UBB.
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