Loan repayment insurance

Before making a decision, consider whether you have enough savings to cover your loan repayments in case of unexpected events. Also ask yourself how important financial security and peace of mind are to you in situations where your income might temporarily decrease or stop altogether.

The loan repayment insurance policy is valid for one year at a time, but the insurance agreement itself is open-ended. This means the policy renews automatically each year unless the agreement is terminated or cancelled.

Yes, in the event of an insured event, the insurance covers both the principal repayments and the interest payments on your loan.

The monthly premium depends on the amount of your loan repayment. To get a precise quote, submit an inquiry via our website, contact our client support or reach out to your credit manager.

If the loan obligation is shared between two people, we recommend insuring both parties’ shares. This ensures you are fully protected in case of unforeseen circumstances.

Loan Payment Insurance is generally offered together with a new LHV home loan or personal loan. For an existing loan, the insurance can only be taken out in exceptional cases following an individual assessment.

Yes, certain insurance products may also help cover other types of loans, such as consumer loans. Be sure to check with LHV client support to find out which types of loans are covered under your chosen insurance policy.