Real Estate Insurance

SOLO offers Credit Liability Insurance - a product designed to protect the financial peace of mind of you and your family during unexpected events. This service is part of SOLO’s insurance products, which focus on safeguarding your solvency.

What is Credit Liability Insurance?

It is a financial mechanism that ensures the coverage of your monthly loan installments if you temporarily or permanently lose your source of income due to reasons such as:

• Job Loss - the insurance covers your monthly payments for a specified period while you seek new employment.

• Health Deterioration - in the event of disability (temporary or permanent), the insurance company ensures your obligations are met.

This product protects you from accumulating debt and deteriorating your credit history. This allows you to focus entirely on solving the problem rather than on financial difficulties.

How does Credit Liability Insurance relate to Real Estate Insurance?

It is important to distinguish between Credit Liability Insurance and Real Estate Insurance:

• Property Insurance (apartment or house insurance) protects your physical asset itself - the building and the items within it - from risks such as fire, flooding, theft, and more. It ensures that your investment is protected from physical damage.

• Credit Liability Insurance protects your solvency and financial standing. It ensures that even in the case of income loss due to unforeseen events, your credit obligations are fulfilled.

These two products do not replace each other; rather, they complement one another to create complete financial protection around your most important asset. In the case of a mortgage, Property Insurance protects the house itself, while credit liability insurance protects your ability to pay for that home’s loan.

SOLO’s Integrated Approach

• Financial Security - in case of unexpected events, you won't have to worry about loan payments.

• Credit History Protection - your obligations will be covered on time, which positively reflects on your credit rating.

• Simple Integration - an insurance policy can be purchased during the loan application process together with your Personal SOLO Banker, making the process even simpler.

• Unified Package - this service is part of your SOLO package, providing additional comfort and financial peace of mind.

Contact your SOLO Banker to learn more about the terms tailored to your personal needs.