OREANDA-NEWS. July 01, 2009. Since the year beginning, ROSNO has paid 6,687,386 roubles of mortgage insurance compensations, whereof 5,960,955 roubles were paid in the regions. The largest payments — over 3 million roubles in total — were made under two mortgage insurance contracts in Novokuznetsk and Ulyanovsk with respect to life and working capacity of the borrower, reported the press-centre of ROSNO.

The comprehensive mortgage insurance enables the borrower to protect himself or herself against unforeseen circumstances which can complicate repayment of a mortgage loan or render it altogether impossible.

The mortgage insurance contract contemplates coverage of such risks as death of the borrower, loss by the borrower of his or her working capacity; loss of, or damage to, the property resulting from unforeseen circumstances; loss or limitation of a property title in case if a court decision invalidates the respective purchase transaction.

In Novokuznetsk (the Kemerovo Region), the insurant was assigned a 2nd disability group due to the injuries sustained in a traffic accident. IC ROSNO has paid 1,849,822.21 roubles to the insured beneficiary — CJSC Bank VTB-24. This payment has fully covered the borrower’s loan indebtedness to the bank.

In Ulyanovsk, IC ROSNO paid 1,305,948.56 roubles to the insured beneficiary — Interregional Mortgage Agency Ltd. — due to the insurant’s death. This payment has fully covered the loan indebtedness, relieving the insurant’s legal successors from obligations to the lender.