What is the cost of insurance when you make a mortgage agreement?

If you found the money for a down payment, the right mortgage loan, the bank is convinced of all, in its consistency, then do not miss "the results of its victories, take out insurance. In most cases the bank will not issue a mortgage loan borrower, until he will issue an insurance contract. Typically, the client agency has a choice of insurance company from a small number of bank partners. Insurance through another company is not allowed. Program "insurance" There are various mortgage insurance programs: health and life insurance of the borrower, insurance, buying a property (fire, injury, natural disasters, etc.), as well as title insurance. Insurance cases may occur, if something happens to the borrower himself, robbed, flooding his apartment, or at all, he will lose housing, for example, because of fraud prodavatsa. Price of the issue price of the policy depends on many factors such as: the type of buying a property, the amount and currency of the mortgage loan, the interest rate on the loan, the borrower's age, date of mortgage, etc. Given these parameters, the price of the insurance contract apartment can make 0,1-1,5% of the cost of credit per year. It is necessary to bear in mind that insurance payments are necessary to make every year, so in its budget to advance to schedule this item of expenditure. For example complex insurance mortgage loan in the amount of 3 million rubles. in one well-known company is 20 thousand rubles.