Subscription property insurance is a new way to protect your home.
The main advantage of this type of insurance is the speed of purchase and the flexibility of customization: you don’t need to go to an office, and the process is completed independently, without an inspection. You set the range of risks and the insurance amounts yourself. The calculator will help you choose whether to protect your apartment from fire, theft, water damage, natural disasters, or from all of these at once. The fee will be automatically deducted once a month, once every three months, or once a year, depending on your choice. This way, you can manage the cost.


Subscription property insurance protects repairs, furniture, appliances, and items in the apartment. It will also help if something happens to the neighbors’ apartment due to the insured person’s fault. Insurance-related issues — submitting documents, filing claims, and communicating with the insurance company — are handled via the mobile app.

Your real estate, which is pledged to the bank until the mortgage loan is repaid, is insured against loss or damage due to fire, flooding, domestic gas explosion, natural disasters, and other force majeure situations.

This type of insurance is mandatory for obtaining and taking out a mortgage. In a critical situation, the insurance company will assume financial responsibility — this will protect you from debt obligations. The bank will also be confident that it will be able to recover its loan funds — after all, the bank lends not its own money to the borrower, but the funds of other depositors, which it must return to them with interest.

What will happen if you do not renew the mortgage property insurance policy?
The property insurance policy must be renewed annually and submitted to the bank before the expiration of the previous policy.

If the policy is not renewed in time, the bank will charge a penalty on the loan balance starting from the 31st calendar day after the expiration of the previous policy. The penalty amount is ½ of the interest rate on the loan for each day of delay (if this is provided for in the loan agreement).

Life and health insurance is a voluntary type of insurance associated with a mortgage.

In the event of the borrower’s death or loss of ability to work, all financial obligations under the mortgage fall on their family, and in a critical life situation, relatives risk being left without money and a roof over their heads. With life and health insurance, the insurance company will pay the bank your loan in the event of an accident.

Additionally, obtaining a life and health insurance policy under the “Protected Borrower” program allows you to get a 1% reduced mortgage rate (if the loan agreement was signed before August 2023 and it includes the “Protected Loan” condition).

What will happen if you don’t renew the life and health insurance policy?
The policy also needs to be renewed annually and submitted to the bank before the previous policy expires.
If the insurance is not renewed on time, the bank has the right to increase the mortgage rate (depending on the terms of the loan agreement).

Why did I receive a notification about the accrual of a penalty for insurance?
The terms of the loan agreement were violated – the mortgage property insurance was not renewed.

The property insurance policy must be renewed every year and submitted to the bank before the expiration date of the previous policy.

What will happen if you do not renew and submit the policy to the bank?
The bank will charge a penalty (fine, late fee) on the loan balance starting from the 31st calendar day after the expiration of the previous policy. The amount of the penalty and the obligation to pay it are determined by the terms of the loan agreement.

The mortgage insurance policy will complement the “Property Risk Protection” policy well, as it includes payments for finishing work, engineering equipment, and also compensation for damage to neighbors. This is protection for the apartment in the event of flooding, a burst pipe, or a roof leak, fire or lightning strike, damage to property due to neighbors’ renovations, as well as emergencies, robbery, and vandalism.

The client chooses what to insure and for what amount: furniture, renovations, appliances, or personal belongings. You can pay for the policy as you find convenient: once a month, once every 3 months, or once a year.

The policy can be used to protect, for example, your parents’ home, a rented apartment, or you can buy protection as a gift for loved ones or friends — the main thing is to correctly indicate the address of the insured object.

Yes, the policies need to be reissued with an insurance company that meets the requirements of the bank where you are refinancing the mortgage. It is possible that they will recalculate the insurance for the unused period under the old mortgage and refund the money — this needs to be clarified with the insurance company.