Credit insurance – what is the type of insurance

Real estate insurance

It is an obligatory, and therefore obligatory, form of insurance with mortgage loans that all banks require.

This type of insurance can be concluded through a bank – with an insurer cooperating with a given bank on a daily basis. However, it is possible for the Borrower to present to the bank a self-prepared insurance policy offer with an insurance company of its choice.

The property insurance ensures payment of compensation for damages caused as a result of unfortunate damage events. However, insurance funds do not go to the Borrower itself, but the bank receives them for repayment of the loan.

Thanks to this, the Consumer can repair the damage and the bank – repay the loan for him


Insurance of low or total lack of own contribution
This insurance is required in the case of a complete lack or very low own contribution of the Borrower who, despite the lack of the funds set aside, decides to take out a mortgage loan.

This form of security offers repayment to the bank of this part of the loan, which corresponds to the difference between the own contribution required by the bank and the contribution made by the client.

Put simply – this insurance covers the own contribution for the Consumer, and its repayment usually takes place along with installments.

Bridge insurance


This is the insurance concluded in the case of mortgage loans by the bank. It is supposed to serve not the Consumer but rather the Lenders.

Bridge insurance is the securing of the contract until the bank receives the mortgage entry in the land and mortgage register. If the borrower does not repay the loan between the conclusion of the loan agreement and the entry in the land and mortgage register, the loan will be repaid.

What is important, although bridging insurance provides the bank with a loan return, it does not release the borrower himself.

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