What does a "bank-assigned insurance" mean? - IntrebBT | Banca Transilvania

body * { display: none!important; } body:before { content: 'Eroare: Aceasta pagina are nevoie ca JavaScript sa fie activat.'; position: absolute; top: 50%; left: 50%; width: 100%; max-width: 300px; padding: 20px; display: block; text-align: center; font-size: 16px; font-family: monospace; font-weight: bold; transform: translate(-50%, -50%); }

What does a "loan insurance assigned in favor of the bank" mean?

It means that in the insurance contract the bank will appear as the beneficiary of the insurance policy. 🙂

In the event that the compensation awarded exceeds the remaining value of the mortgage loan to be repaid and other amounts owed to the bank, the difference shall belong to the loan beneficiary or their heirs. 😃

Last update

2026-06-12

Was the answer useful to you?

Tag

Mortgage loan