Secret Business Tips

Buy mortgage insurance, also produced does not mean peace of mind, insurance companies, the conditions of the mortgage insurance claims to make strictly limited. According to “Shanghai individual housing mortgage insurance policy clause” provides that the following ten cases, the insurance company is not compensable:

1, housing due to faulty design, defective material, poor technology, building settlement and other reasons as well as natural wear and tear, caused by the loss of normal maintenance;

2, before the accident, buyers did not perform “personal housing mortgage contract” agreed the outstanding loan repayment obligations, the amount of principal and interest;

3, war, similar to the conduct of war, military operations, armed conflict, strikes, riots, civil commotion, causing the death or loss of home buyers repayment ability;

4, nuclear radiation or contamination caused by the death or loss of purchase repayment ability;

5, administrative actions or enforcement actions, resulting in the death or loss of home buyers repayment ability;

6, due to earthquakes or earthquake causes death or loss caused buyers repayment ability;

7, for buyers or their family members by the intentional act, resulting in the death or loss of home buyers repayment ability;

8 buyers lost due to illness or death of repayment ability;

9, due to suicide, self-injury, excessive drinking, drug abuse, criminal acts caused the death or loss of home buyers repayment ability;

10 buyers from unauthorized changing the structure of.

In addition, insurance companies, also provides buyers must fulfill the following obligations, or when the accident came, the insurance company will not be compensated.

1, insurance, the homeowners insurance company shall truthfully inform the housing situation.

2, when signing the insurance contract paid off all the premiums.

3, shall comply with state fire, safety requirements, maintenance of housing security.

4, such as content as specified by the policy changed, the insurer shall promptly apply to the marking procedures.

5, such as loss, home buyers should be actively rescue, so to reduce the losses to a minimum, while protecting the scene and immediately notify the insurance company to help survey.

Also, according to insurance terms, only repay the loan principal repayment unexpected when people can receive compensation. The parameters involved in loan-repayment who have accidents and insurance companies will not accept the claims of.

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