OREANDA-NEWS. Ingosstrakh Insurance Company paid out over RUB 2 m under the mortgage blanket insurance agreement in pursuance of obligations to repay the amount of loan balance.

Mortgage blanket insurance agreement was concluded with the customer in April 2013 for the purposes of the loan for purchase of an apartment in Moskovskaya region. The agreement provided coverage for property (bearing structures of the apartment), proprietary right to the apartment, and life and health of the Borrower, including risks of death, 1 group disablement arising from a disease or an accident, and temporal disablement.

In June 2013 the policy holder was in a car accident and suffered spine injury subsequently leading to paralysis. As a result the policy holder was assigned the 1st disablement group.

Having examined all the circumstances of the case, Ingosstrakh Insurance Company acknowledged the event to be insured against. An inquiry for the policy holder's loan balance was sent to the landing bank. After having received all necessary documents, Ingosstrakh Insurance Company settled the loss and fully repaid the mortgage loan of its car accident victim customer.