Title insurance when buying an apartment: what's that, how much?

Last update: 27.05.2018

They say thatinsuranceIt's a relatively honest way of taking money from the public. It's a joke, of course, but every joke has a fair share of the truth.

And yet,insurance- It's a useful tool for real estate, and in some cases it's indispensable, especially insurance for the sale of an apartment, i.e. insurance against the loss of ownership of an apartment, or as it's correctly called,Real estate title insurance.

Of all the "securitys" that real estate agencies generously award to their customers, the real guarantee (i.e. real financial compensation for loss of ownership of an apartment) is only available.Title insurance policy.

Title insuranceusually happens when you buy an apartment, so this kind of insurance is calledthe insurance of the transactionwith a flat.

In fact, there are four main types of real estate.type of insurance(not to be confused):

1. Titular insurance(Protection of the owner of the dwelling against loss of ownership);
2. Mortgage insurance(Protection of the creditor bank against the risk of loss on the mortgage issued);
3. Developer ' s liability insurance(Protection of investment of shareholders in housing under construction against loss of such money);
4. Real property insurance(protection of the apartment from physical damage or destruction – fire, flooding, destruction, etc.)

Consider them in order.

The procedure for returning the NPFL when buying the apartment is two ways, a list of documents.

Titular real estate insurance

The buyer ' s property rights are protected by Titula insurance.

Titular real estate insurance– loss/loss insuranceproperty rights(i.e., the basic right, "titula") to a purchased apartment. The loss of ownership can only occur by a court decision if the court declares the transaction invalid.Insurance caseand the insurance company (insurer) compensates the owner (insurer) for the totalmarket value of the dwelling.

Title insurance for the purchase of an apartmentmay also cover the risks associated withto claim it from illegal possessionFor example, the risk of selling an apartment other than the owner's will is a fraudulent transaction where the apartment was sold without its true owner's knowledge.

Not all insurance companies offer a serviceReal estate title insurancebut a number of large insurers have such a product in their arsenal.

What kind of property is an apartment?- look at the Glossary by reference.

Property rights insurance contract (field)You can conclude both before registration of ownership of the property and after registration, but it comes into effect, in any case, after registration of ownership.

Title insurance is available for the full market value of the dwelling, regardless of the amount that the parties indicated in the agreement for the sale of the dwelling.

When buying an apartment with a mortgage,Title insurance...........................................................................may be a mandatory requirement of the bank (as well as life and disability insurance of the borrower).

Titular insurance (Insurance for the sale of an apartment) is usually used in transactions in the secondary housing market.

It is here (as opposed to the primary market) that there are many options for the buyer to lose ownership, especially if the apartment was previously inherited or resold several times (this may be contested by any of the previous transactions).

Property rights insurance also saves fromFraud casesIn the secondary market.

New constructions are not subject to title insurance, since there is no right of ownership of the dwelling at the time of the construction of the house (there is only a right of claim), and when the house has been surrendered and the developer has established ownership of the Buyer (the dealer), there is usually no need for insurance (no need for insurance).

Where is the husband's consent required for the sale of the apartment, and when is the consent not required?Look at the Glossary by reference.

Duration of title insuranceThis is due to the general limitation period (3 years).

Value of title insuranceThe rent (i.e. the premium to the insured) is calculated on a case-by-case basis and depends on a number of factors:

• from the insurance period (in the first year of the insurance tariff the highest, every next year the risks are reduced and the tariff is reduced);
• from the value of the dwelling (sustained at market value at the time of purchase);
• the risk level (assessed individually on the basis of legal review of the dwelling documents and the reliability of the insured person himself).

An indicative range of real estate title insurance prices ranging from 0.2 per cent to 2.5 per cent per year of its market value, an amount that the owner of the dwelling will have to pay to the insurance company according to an agreed schedule.

Surprises for the Buyer.

Special features of housing title insurance

It should be borne in mind thatTitle insurance...........................................................................does not cover all the risks of the transaction, but only those that lead to it.Loss of ownershipFor an apartment, that's the only thing that counts.Insurance caseIf, however, the dispute results in any encumbrance of the right of ownership without the loss of that right (e.g., one of the former tenants has restored his right of residence in the apartment), this will not be the case.Insurance caseand the conditions of title insurance do not apply to such a situation.

So it's better to always control the possibleRisks of real estate transactionsIt's not fair to rely on a realtor or an underwriter.

But in general,Real estate title insuranceEven if the insurance company refuses to provide title insurance for a particular dwelling, it can provide practical assistance to the buyer because it clearly indicates that there are high risks of loss of ownership.

Do you need an cadastral passport for the sale of an apartment?Look in this note at the link.

If the buyer has requested the serviceTitle insuranceBefore registering his ownership of the dwelling, it provides him with real protection. If the insurers refuse (with reasons), then the risks are too high, and it is better not to buy such an apartment.

If the insurance company agreed to secure title security, but it's too high a rate, which means the risks are still high, but acceptable, and it's worth thinking about whether to look for another apartment.

If the insurance company consents and appoints a moderate (market average)tariffIn the case of title insurance, the transaction with the flat chosen is apparently considered to be low-risk.

If the buyer has applied to the insurers after the registration of his ownership of the dwelling,In case of refusal by the insurershe's gonna have to accept the idea that he bought a freaky apartment.

What if salesmen don't get out of a sold apartment?Look in this note at the link.

In addition, insurers should be asked what cases may lead to an insurance contractRefusal of insurance compensation(not to be confused with the refusal of insurance).

For example,Refusal of insurance compensationto be held at the Palais des Nations, Geneva,insured titlemay result in non-compliance with the requirements specified in the treaty.

In particular, requirements such as the timing and procedure for notifying the insurance company of the offensiveInsurance caseor the events leading to it.

Or how a client (insurer) seeks legal aid – for example, the insuranceer may specify in the contract specific lawyers and lawyers who cooperate with the insuranceer himself.Refusal of insurance compensation.

More details on possible casesRefusal of insurance paymentsCan be read under "Examples of errors": Title insurance when buying an apartment does not always protect the buyer.

Where would it be better to buy an apartment on a "primary" or "secondary" basis? By comparing the pros and cons.

Mortgage insurance

In the granting of a mortgage,Creditor banksThe bank thus protects itself against the possible non-payment (or partial payment) of a loan by the borrower. Even though the mortgage of the mortgage leaves the mortgage on deposit with the bank, the bank is re-insured in the event that the apartment is burned down, destroyed, lost in value, etc.

Under the law, when a mortgage is issued, the borrower is obliged to do so.insurance only for the subject matter of the pledge(the apartment) for damage or total destruction (the property insurance – see below).

But in practice, banks demand additional guarantees in the form ofLife insuranceBorrower,his disability insuranceas well asTitle insurance(see para.

(see above) for an apartment to be purchased.

In the end,Mortgage insuranceis a comprehensive insurance for all risks aimed at protecting the financial conditionCreditor bank.

All this.Comprehensive mortgage insuranceis, of course, at the expense of the borrower.Duration of mortgage insuranceusually equals the period for which a mortgage is issued.

More aboutMortgage insuranceYou can read it on the official website.Mortgage Housing Credit Agencies (AIGC)- here.

Developer ' s liability insurance

This is exclusively about the primary housing market, the relationship between the developer and the buyer of the dwelling (a co-driver), provided that they operate within the framework of the Treaty of Share-taking (LDA).

Since 1 January 2014.

In the famous FZ-214 "On participation in the construction of shares...", changes have entered into force which provide for additional measures to ensure that developers are held accountable to their shareholders, in the form of:Bank ' s sponsorshipsorInsuranceI. In the case ofInsurance, the developer can choose the insurers of his choice – orInsurance companyeitherMutual Insurance Society (ISS).

This issue is discussed in more detail here: "Construction of the Civil Liability of the Developer".

What if you bought an apartment with communal debts?Look in this note at the link.

Real property insurance

It's a species.property insurancethat involves the risk of physical injury or total destruction of the apartment, which may be caused by accidents, various kinds of natural disasters or human factors, such as:Insurance casesare explicitly stated in the insurance contract.

The essence of this type of insurance is that the owner of the dwelling receivesInsurance compensation(financial compensation) in the event of an attackInsurance caseif the case is provided for in the treaty.

Real property insuranceis not directly related toReal estate transactionsexcept in cases where it is part of an integratedMortgage insurance(see above).

VIDEO: Real estate insurance and compensation

- The principles of real property insurance against physical damage: what are the insurance cases, what compensation can be expected?

Note to the insured person

In any form of insurance, it should be borne in mind that the insurance "works" (i.e., the money is paid) only in the event of an attack.Insurance case.

AInsurance case- a very leaky concept, which is only taken into account if the case is exactly the same asthe legal wording of the insurance casewhich is indicated inInsurance policy.

Given that each insurance company has a large pool of lawyers and each insurance company is trying to avoid payment whenever possibleinsurance compensationlegal languageInsurance casesso that they can be interpreted in a different way, which means that the insurers have the possibility to leave (a loop) "legitimately"Insurance payments.

Conclusion:Insurance, while providing a real financial guarantee (compensation), is not easy to obtain in practice.

Therefore, despite the possibilityInsurance for the sale of an apartmentself-studyReal estate rulessignificantly improves the security of the transaction and reduces the risks to the buyer of the dwelling.

To that end, we have developed a detailed HEAT INSTRUCTION (see below).

Exploiting a transaction by an experienced lawyer reduces the risks of EVERYBODY (especially for an apartment buyer).The services of specialized real estate lawyers can be found here.

• "REELTOR SECRETS":
• Rules for the preparation and conduct of the sale of an apartment – on the interactive map of the RUSSIAN INSTRUCTION(will be opened in the pop-up window).

Titular real estate insurance: what is it, how much title insurance, price calculation

Title insurance for the purchase of an apartment is the same thing as home purchase insurance, a service that has become very common recently due to the need for mortgage loans and the frequent occurrence of apartment fraud, but many consumers, even after signing a sales contract and an insurance policy, do not fully understand what they have insured and why.

What Title Insurance Is

This is a service for natural and legal persons to ensure that property ownership is protected against the risk of loss in part or in its entirety in the case of force majeure; a service is particularly relevant if the dwelling is purchased in a mortgage, the apartment is owned by several persons or is inherited; a force majeure can be considered any circumstances in which there are other applicants for (or part of) the dwelling.

To better understand what it is – real estate title insurance – why and when it is important to formalize it, it is worth mentioning the advantages of such a policy:

• Secure protection against the claims of the former owner of the apartment or house if he suddenly wishes to declare the transaction invalid;
• Immunity against transactions performed by one spouse without the consent of the other in the division of property;
• Protection from unfair developers if the apartment is bought in an unsold house.

It is particularly important to take into account all the nuances in the latter case: if an apartment is purchased in a house that has not yet been completed, the contract of sale shall specify the investment period and the title period.

Investment is a period of time from the date of signature of the contract to the date of receipt of the certificate of ownership.

You can't have title insurance before.

Do you have to cover the mortgage title?

It is not necessary under current legislation to conclude a title insurance contract for Russian citizens; this is a voluntary procedure, but the difficulty is that many creditor banks refuse to issue a mortgage if the borrower does not issue a title insurance, or raise the interest rate on the loan if there is no insurance policy.

It must be taken into account that the amount of the mortgage will not be insured, but the right of ownership of the dwelling at its market value, and the bank organization will also be the beneficiary.

Another interesting point is that you can't have a five-year mortgage for just one year to get the loan approved; the bank will require a full mortgage insurance, taking into account interest on the loan; and if the insurance contract is not extended after the expiry date, the interest rate may be increased.

If the dwelling is purchased for cash, without borrowing from the bank, the buyer and the new owner of the dwelling may enter into a contract of title insurance voluntarily, in which case the amount of the insurance will be the cost of the dwelling and the beneficiary will be the new owner of the dwelling.

What title insurance is needed for

Insurance for the sale of an apartment is necessary to avoid conflict and litigation with persons who may also claim housing, although lawyers check the documents when buying an apartment and provide assurance that there are no other owners, risks remain.

Title insurance in real estate transactions protects the owner ' s interests in such cases:

• There were relatives who were previously minors, prisoners and persons with disabilities whose interests were not taken into account in the transaction;
• Any one of the transactions with the apartment is found to be fraudulent;
• The privatization of housing was not properly carried out;
• At the time of its conclusion, one of the parties to the transaction was found incompetent or incompetent.

The insurance policy also protects against developers who can sell the same apartment twice and three times.

Depending on the terms of the contract, by means of title insurance, the owner of the dwelling will be able to recover the value of the lost dwelling in whole or in part.

It does not matter under what circumstances the insurance case occurred: the owner did not know that he had purchased the apartment illegally, had been the victim of an aferistic relative or had fraud himself; if there was an insurance policy, the company would pay the damages under the contract.

How to Formalize Title Insurance

In order to conclude a title insurance contract, it is recommended first to examine the proposals from the largest, most authoritative companies and select the optimum ones, then to contact the company, specify what documents would be required and set a date for the meeting.

After the first interview and submission of the package, an expert examination will be conducted and the insured person has the right to carry out certain activities in order to determine how risky it is to enter into a contract with the owner of the dwelling; the procedure takes about seven working days.

After an examination, the insured person announces his decision to pay the title insurance or not. If the insurance company considers it too risky to cover ownership, the owner should re-examine all the real estate documents – perhaps the transaction is fraudulent and be deceived.

If the insured person agrees to enter into a contract with the owner of the dwelling, the necessary documents, services and contributions will remain to be provided and the policy signed; title insurance may be issued both during and after the sale.

Which UK makes insurance

The cost of the insurance cannot exceed the market value of the dwelling at the time of the transaction, the interest rate from 0.25 to 1%.

Ingostrach enters into contracts for up to five years, offers some of the most advantageous tariffs, ranging from 0.2 to 0.35 per cent.

Alpha insurance offers some of the highest tariffs, 0.30 percent, with a contract signed for up to 10 years, and if the full amount is paid for between 1 and 10 years, the tariffs are reduced.

The lowest tariffs in the VTB are 0.18%, but before signing the treaty, each point of the treaty should be carefully examined and consideration should be given to the timing and possibility of extending it.

Treaty documents and requirements

In order to obtain title insurance, the following documents will be required:

• The passport of the owner of the dwelling;
• Documents of proof of ownership;
• Statement of the questionnaire;
• A certificate confirming the registration of property rights to housing;
• An extract from the cadastral passport of the dwelling;
• Expert ' s certificate on the valuation of the dwelling;
• A certificate from a drug addict and a psychiatrist that the applicant is not registered with them;
• Health certificate.

All transactions involving change of owner, privatization or inheritance over the last three years will also be required; the list may be supplemented by other documents, depending on the circumstances – for example, a divorce certificate, a birth certificate for minor children, privatization of the apartment, etc.

Cost of policy

The calculation of the cost of the insurance policy should be carried out carefully, taking into account all existing factors and the characteristics of each individual case; there is no single universal tariff.

Tariffs will depend primarily on two main factors:

• The market value of insured real estate;
• The cost of the services of the selected insurance company.

However, the amount of the insurance may not exceed the amount spent on the purchase of the insurance, and the duration of the insurance will also be taken into account.

How much the title insurance costs can be said by the company's expert after all the factors have been calculated, and the market value of the dwelling is most often determined by the insurance company itself.

The sum is multiplied by the company ' s tariffs and receives the premium price, which is usually about 0.30%, and in some companies the tariffs are up to 1%.

The tariff may also be increased if the object has been sold many times, several relatives own the property, etc.

For example, if housing was purchased for 2.5 million roubles, the annual cost of the real estate insurance policy would be between 7,500 roubles and 0.3 per cent.

The cost of home title insurance can be calculated quickly and accurately by means of an online calculator. The calculator offers virtually every insurance company with its own Internet resources on its websites. Remember, the cost of an insurance agent, a lawyer and legal fees are also added to the cost of the policy.

For how long an insurance agreement is issued

The title insurance is issued for a period of at least 12 months; the maximum period is set for each company individually; usually the title insurance is paid for a maximum of 10 years; but the employer has the right to issue the title insurance for two years, three or five years, and then cancel or extend it.

The experts recommend that title insurance be issued for a period of three years; it is during a three-year period that relatives whose interests were not taken into account in the purchase and registration of real property may file claims.

At the end of that period, ownership was no longer contested, so it was not necessary to pay title insurance, especially if funds were limited.

What to Do in the Event of Insurance

The first thing to do is call the insurance company and consult with their real estate title insurance expert, and he'll determine whether an insurance case has occurred or not. In fact, an insurance case is any circumstances in which the owner of an apartment may lose ownership of the dwelling, but he will not always receive full reimbursement or even partial insurance policy, and in addition, the title insurance does not protect against the fact that the owner of an apartment may not have co-owners.

In which cases the title insurance will not work:

• If another applicant for housing has defended his or her rights and is recognized as a co-owner, then the first owner does not lose his or her property rights, but he or she does not receive and will share the dwelling with the second co-owner.
• The apartment was destroyed in an accident or natural disaster.
• Housing has been selected to settle debts to the bank.
• The layout of the apartment has been changed.
• The apartment transaction was declared null and void and the court ordered that the funds received be returned to the parties.

What else is important to know is that title insurance does not compensate for moral damage and does not cover court costs, fines and other costs in proceedings.

Thus, the main minuses of title insurance can be described as its high cost with relatively low guarantees.

On the other hand, if you are certain of the legal purity of the transaction, at least for your part, the title insurance can really keep you housing.

Conclusion

How to secure the purchase of a piece of property, a house, an apartment, a company, and how much it will cost, is important to know who is going to buy an apartment, has already bought it, or is going to inherit it.

Title insurance will help avoid many difficulties and misunderstandings, and it is easy to resolve the issue of ownership without litigation, which is not free of charge, but all costs are ultimately fully recovered.

Source: https://gidpostrahovke.ru/imushhestvo/nedvishimost/titulnoe-strakhovanie-nedvishimosti.html

How much is such insurance in Ingostra?

• When buying an apartment, you can't be completely sure of the deal.
• No realtor can guarantee that.
• In order to save yourself from unforeseen trouble, it is worth insured the owner's title to the apartment being purchased.

Let's consider the answers in the article.

Dear readers, our articles talk about model ways of dealing with legal issues, but each case is unique.

If you want to know,How do you solve your problem -- go online in the right or call at +7 (499) 938-65-46. It's quick and free!

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What's house cover insurance?

The title is a document that confirms ownership.

Title insurance when buying an apartment is what it is? Title insurance protects the interests of home buyers.

Insurance is provided for the risk of loss of purchased real property upon the arrival of another owner.

This may be due to the inability to fully ascertain the absence of housing rights of other citizens; only the issuance of residential title insurance will protect the buyer from the loss of its money and compensate for its losses.

Not all insurance companies provide a housing cover service, but major large insurers provide such a service.

This type of insurance is provided not only for the purchase of apartments in the secondary housing market, but also primarily for the purchase of housing mortgages.

In this case, if you don't have insurance, you can also be the bank's debtor, without an apartment, without money, and pay the mortgage, which is no longer there.

Risks against which

1. The main risk of insurance is the loss of ownership of property.
2. In the event of an insurance case, the court must declare the purchase transaction null and void and the real estate insurance company shall return the market value of the property purchased, provided that the insurance is properly issued.
3. Another risk that is saved by the issuance of housing insurance is the demand for real property from illegal ownership.
4. It happens when a fraud sells an apartment other than the will of the real owner.
5. Reasons for loss of title:

• Counterfeiting documents;
• Error in registration;
• The owner was in places of deprivation of liberty;
• The owner has been in treatment for a long time;
• The owner of the transaction was a minor citizen at the time of the transaction;
• A double sale of the apartment (HLC) has been carried out.

It matters!There is no insurance coverage for emergency accommodation, self-help buildings or premises transferred from the housing stock to the non-residential.

The insurance company will not reimburse the value of the property in the following circumstances:

• The dwelling was sold or donated during the insurance period;
• The apartment was destroyed;
• The apartment has been remodeled without agreement;
• The apartment is subject to withdrawal for debts.

Procedures for processing

However, if the insurers refuse to conclude this service, it is worth canceling the purchase of the dwelling because the insurers ' refusal is a warning to the buyer that the transaction is unreliable.

You can also be insured after registration.If the insurance company refuses, the buyer will have to accept the purchase of an uninsured dwelling.

In order to obtain title insurance, an application must be made to the insured person; he or she will be required to carry out an independent real estate assessment, review the documents of the home to be purchased, and take into account all additional circumstances that may affect the possibility of establishing an insurance case.

The insurance provider recommends certain activities that may reduce the risk of acquiring real property; after an examination, a verdict is issued on the issue or rejection of the title insurance; with a favourable response, the contract is signed and the insured person is paid an insurance premium; if the result is negative, the buyer should consider the cleanness of the transaction.

It matters!In the event of an insurance accident and a court proceeding, a title insurance contract would have to be presented, not just a policy, as some insurers have suggested.

The value of the dwelling ' s title insurance, the amount of the premium, depends on some factors:

• Category of housing: secondary or new construction;
• In the first year of processing the tariff is the highest because the risk of an insurance situation is higher; for all subsequent years, the risk is also reduced.
• In general, insurance is provided at market value.
• Personal examination by a real estate lawyer takes into account how many times an apartment has been sold, or when it is purchased, how reliable a developer is.

Title insurance prices range from 0.2 per cent to 3 per cent of the market value of housing.In an insurance company's agreement for a contract and an overprice, the buyer must understand that the risks are very high and it is worth buying another apartment. If the tariff is set on the market average, the transaction is less risky.

A consumer's desire for title insurance usually arises at high risk.

Insurers are willing to do a service at a low rate, and finding a trade-off between them is a case-by-case process. Titular insurance in a new building is cheaper. Many companies use a reduction factor for this purpose.

The insurance amount should not be less than the value of the property, otherwise the payments would be for the partial cost of the dwelling.

The following documentation is required for title insurance:

• The documents of the sellers of the dwelling;
• A certificate of registration of property rights;
• Sales contract;
• A value document;
• A real estate passport;
• an extract from the home book.

It matters!The insurance covers the risks that lead to the loss of property rights but does not protect the right to encumber the dwelling.

If one of the former tenants resumes the right to reside in it, the dwelling will be yours, but it will be the home of someone else.

Ingosters and his services

Title insurance for the purchase of an Ingostra apartment offers the following risks:

• Loss of ownership;
• Restriction of ownership (renewed property).

Ingostrah offers mortgage insurance, which includes, in addition to property insurance, the creation of title insurance, and the Ingostras under this service undertakes to pay the bank the entire balance of the loan.

The benefits of treatment in Ingostra are as follows:

• Rapid processing during working hours;
• The establishment and payment of any place suitable for the insured;
• Allowances for other types of insurance.

How much is title insurance when buying an apartment in Ingostra? The basic title insurance rate is 0.2% to 0.35% of the market value of the facility.

The amount of insurance may be increased for the duration of the contract if repairs have been made to the apartment.

For what risks Ingostra proposes to secure real estate:

• A deal under threat;
• Failure to respect the rights of minors;
• Deal with persons with disabilities;
• Non-compliance with the law;
• A deal with a face who doesn't have that right.

• To enter into a title insurance contract or not is the case of every citizen.
• But if you have chosen to protect yourself from unnecessary risks, it is important to look carefully at all the paragraphs of the treaty.
• To study the specific risks associated with title, insurance will be available and the situations in which it is useless.
• You didn't find the answer to your question?How to solve your problem, call me right now:
• +7 (499) 938-65-46 (Moscow)

It's quick and free!

Purchase insurance in 2023 – real estate title insurance in ROSHOSSTRAH

If you've decided to buy property on the secondary market, don't forget to issue a title insurance policy.

What's the title insurance for?

Titular insurance (or in a simpler language) provides insurance for loss of ownership or other real property rights if your transaction is declared illegal in court due to events that were not known to you at the time of the conclusion of the sales contract.

The main difference between title insurance and other types of insurance is that it protects the owner from events that have already occurred that were not known at the time of the real estate transaction.

For this reason, when you buy an apartment, you have to make sure that you have a reliable insurance policy.

The most typical risks covered by title insurance include the following:

• Errors were made in the process of preparing the necessary documents for the transaction;
• There is a case of fraud;
• The interests of the heirs and/or minors were not taken into account;
• Previous transactions in the privatization or sale of the property were not legal, etc.

Benefits of title insurance

• The insurance contract may be entered into at the stage of the preparation of the contract for the sale of the real property;
• Pre-insurance examination (examining the legal history of real property);
• A minimum list of documents provided in copies;
• If necessary, we can take part in the trial as a third person of interest.

Read our property insurance policy.

The following objects may be insured under title insurance:

1. Accommodation (house, house, etc.).
2. Non-residential premises (buildings, structures, enterprises as property complexes).
3. Land (both natural and legal persons).

Our contracts include as many risks as possible against which we protect you. The main risks included in the insurance coverage include:

1. Risks of invalidation:
   • Transactions performed by a citizen who has been declared incompetent;
   • Transactions performed by a citizen with limited capacity by a court;
   • Transactions committed by a citizen unable to understand or direct his or her actions;
   • Transactions carried out under the influence of delusion;
   • Transactions committed under the influence of deception, violence, threat, malicious agreement of one party ' s representative on the other or a course of difficult circumstances (cabal transactions);
   • Transactions on the disposition of the common property of the spouses performed by one of the spouses without the consent of the other spouse;
   • The disposal of property handed over for life by the payer of the rent without the consent of the recipient of the rent.
2. Risks associated with claiming immovable property from illegal possession (sale or refund of property other than the will of the owner).

We seek to make our insurance programmes as transparent as possible, so we declare the main exceptions to insurance coverage in the public domain.

A standard title insurance contract does not recognize as insurance the loss or termination of ownership or other tangible property rights due to:

1. Direct or indirect effects of nuclear explosion, radiation or radioactive contamination.
2. Military action, manoeuvring, civil war or its consequences, popular unrest of all kinds, strikes.
3. Requisition, confiscation, seizure, seizure and destruction by public authorities of insured immovable property.
4. Retrieving immovable property in accordance with the obligations of the insured person (beneficiary).
5. The disposition of immovable property which, by law, cannot be owned by the insured person (beneficiary).
6. Abstention of ownership of the land.
7. Purchase of land for public or municipal purposes.
8. Seizure of land used in violation of the law.
9. Discontinuation of the right of ownership of the unsustained contents of the dwelling.

You will need the following documents to process the title insurance policy.

Completed Application for Insurance

To download Ancketou's application.

Documents for land insurance

Mandatory:

1. Certificate of State registration of ownership of the land (as well as of the house if the land is home).
2. Copies of passports (birth certificates) of land vendors and the insured.
3. All contracts for the disposition of real property over the last three years (sales, gifts, men, etc.).
4. Certificate of right to inherit by will/law, copy of will.
5. The heir's death certificate.
6. Authorization of the guardianship and guardianship authorities for the transaction if the owners of the minor ' s land are among the owners.
7. The husband ' s notarized consent to the disposal of the joint land acquired during the marriage.
8. Medical evidence from the psychoneurological clinic, from the drug clinic (at the land-sellers ' pension age).
9. Land inventory plan (forms B1, B2, B3, B4 and B5).

* The real estate documents are provided for transactions over the last three years.

If necessary, we have the right to request from you additional documents necessary for the conduct of a pre-insurance examination: documents relating to previous transactions for the disposition of real property, copies of birth certificates for children, death (family members, etc.), marriage, divorce, receipts for the payment of lifetime rents and the cost of ritual services, an executive record or a copy of a court decision in force on the ownership of the real property (if the property was acquired by the court), etc.

Documents for real estate insurance

Mandatory:

1. Certificate of State registration of law.
2. Copies of passports (birth certificates) of the sellers of the dwelling (home) and the insured.
3. Explicit, floor plan (extract from technical passport or copy of technical passport).
4. An extract from the home book.
5. Financial face account/owner card.
6. All contracts for the removal of the dwelling over the last three years (sales, gifts, men, rents, etc.).
7. Certificate of right to inherit by will/law, copy of will,
8. The heir's death certificate.
9. Application for privatization, transfer contract (privatization) or:
10. Investment contract (investment contract) with all annexes and sub-agreements or
11. JSC's certificate of full payment of rations.
12. Authorization by the guardianship and guardianship authorities for a transaction in the case of juvenile owners.
13. The husband ' s notarized consent to the removal of an apartment jointly acquired during the marriage.
14. Medical evidence from a psychoneurological clinic, a drug clinic (at the salesman ' s pension-age apartment).
15. The representative ' s power of attorney (if the transaction was made on the basis of a power of attorney).

On request:

1. An extended (archive) extract from the home book.
2. Certificate of non-payment of rent and utility charges.

* The real estate documents are provided for transactions over the last three years.

If necessary, we have the right to request from you additional documents necessary for the conduct of a pre-insurance examination: documents relating to previous transactions for the disposition of real property, copies of birth certificates for children, death (family members, etc.), marriage, divorce, receipts for the payment of lifetime rents and the cost of ritual services, an executive record or a copy of a court decision in force on the ownership of the real property (if the real property is in court) etc.

How to Formalize a Policy

• Apply for insurance (the button below the screen);
• Call us free numbers: 0530 for cell phone calls from 8-800-200-0-9000 for city phone calls from Russia.

Answer Frequent Questions

Can an apartment be insured for its real (market) value if the sale contract contains an undervalued price because the apartment has been owned for less than three years?

Yes, the insurance company may, by agreement of the parties, indicate the real (market) value of the dwelling being purchased in the insurance contract (field).

For what maximum period of time can an insurance policy (contract) be concluded?

The insurance policy (contract) for the risk of loss of ownership of the property is for a period not exceeding three years, and the insurance period may be extended thereafter.

At what stage in the transaction can the insurance contract (polis) be concluded?

The insurance contract (polis) can be concluded both before registration of ownership of the real property and after registration; however, the insurance policy only comes into effect after registration of ownership.

During what time does the insurance company decide to provide real property insurance at the risk of loss of ownership?

In the event of the commencement of the proceedings against the insured property, does the insurance company represent the interests of the insured person?

The insurance company participates in the proceedings as the third person of interest, represents only its interests, but is interested in maintaining the real estate property of the insured person.

What to do when an insurance accident occurs?

1. Don't worry.
2. Do the following.
3. Call us 8-800-200-99-77 (city number only, Russia free) or 0530 (free of charge for mobile MTS, Beeline, Megaphone).