Banks Require Drone Attack Insurance for Mortgages
Some banks have started requiring insurance coverage for the risk of falling aircraft, in addition to standard risks such as flooding and fire,
Consensus
- Some major Russian banks are requiring insurance for mortgage properties against drone attacks.
- The insurance must cover damage from falling drones or their debris.
- The requirement applies primarily to mortgage properties in border and vulnerable regions.
- Insurance coverage for drone-related damage may be included under broader categories like terrorism or sabotage.
- If required coverage is not provided, banks may increase mortgage interest rates by 0.5–2 percentage points or deny the loan.
Points of divergence
- The insurance sum remains the same for all risks included in the policy, including drone impact. — vedomosti
- Over 88% of surveyed insurers are unwilling to treat drone attacks as a separate insurance risk. — vedomosti
- The practice is currently limited to specific banks such as Sberbank, VTB, PSC, Gazprombank, and Dom.RF. — tg_echoonline_news
- The expanded insurance coverage may cost 10–20% more than standard insurance. — tg_echoonline_news
Coverage (2 sources)
- VSS: banks are starting to require insuring mortgage housing against drone falls — Ведомости
- Russian banks are starting to require mortgage property to be insured against drone attacks — ЭХО / Новости
Key entities
- VSS
- TASS
- Commerzant
- PSB
- Sberbank
- VTB
- Gazprombank
- Evgeny Ufimtsev
- Andrey Kreer
- All-Russian Insurance Union
- House of the Russian Federation
- Polis Online
More on Evgeny Ufimtsev
- Banks Demand Drone Attack Insurance for Mortgages
- The delivery of auto parts to the Russian Federation from the UAE…
- Such a critical indicator means that insurers are forced to pay out…