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.

Additional info

With regard to Life Insurance

General Terms
Frequently Asked Questions
Inquiry Form

 

With regard to Property Insurance

General Terms
Frequently Asked Questions

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.

In case of an insured event under a Property Insurance policy

The insurance claim may be submitted via a UBB branch or directly sent to the Insurance company.  

Detailed information about the required documents

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