Mortgage Loan Insurance

Home and Family Protection insurance program integrates the Life insurance by UBB - Metlife Life Insurance Company AD and the Property insurance by DZI - General Insurance EAD as part of the parameters of mortgage loans at United Bulgarian Bank.

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.

Insurance coverage “Property“ by DZI

General information

With your inclusion in the insurance program, a mortgaged residential property is insured, that is accepted by the Bank as collateral on loans granted by the latter.

"Home and Family Protection" provides coverage upon the most frequent everyday events which could damage seriously your property.

The insurance is monthly paid simultaneously with the repayment installments under the Loan agreement.

Main risks covered

  • Fire
  • Lightning
  • Explosion
  • Implosion
  • Collision or fall of piloted aircraft, its parts or load
  • Malicious acts of third parties, vandalism
  • Storm
  • Hail
  • Pouring rain
  • Flood
  • Load upon natural accumulation of snow and/or ice
  • Frost bite/Freezing
  • Earthquake
  • Leakage of water and steam
  • Slide or collapse of earth layers
  • Groundwater activity
  • Hit from vehicle and/ or animal
  • Breakdown with loading or unloading machinery
  • Breaking of glasses
  • Costs for temporary accommodation
  • Third party liability of the Insured person for damages caused to third persons
  • Other costs necessary for limiting the damages with regard to the occurred insured event
  • Costs for eliminating the damages from breaking and entering, or intent for breaking and entering
  • Administrative costs for re-issuance/ duplicate of documents, drawings, damaged and/ or destroyed by the insured event
  • Costs for replacement of entrance door locks, in case of stolen/ lost key

Additional info

With regard to Life Insurance

General Terms
Frequently Asked Questions
Inquiry Form

 

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. 

In case of property insurance event, claims can be processed:

Or give us a call
0700 117 17
7171
Short number for local calls by Bulgarian mobile network subscribers
+3592 483 1717
For local and international calls
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