Mortgage Credit
It covers your loan guaranteed by a mortgage.
Product summary
Group plan
The collective insurance of Mortgage Credit covers your loan guaranteed by a mortgage; a legal deed or escrow or another instrument that constitutes assessment or legal charge over your real estate and that is conceded by the Cooperative as a mortgage creditor.
The amortization period should not be 5 years but should not exceed 30 years.
Benefits
- The amount of Insurance could reach $250,000.
- Provides joint coverage.
- Provides the benefit to pay the balance of the loan at the death of the insured debtor.
Contract dispositions
- Should be working a minimum of 30 hours a week.
- Be in a state of good health.
Payment methods
These are the payment methods available to purchase your plan.
Frequently asked questions
We leave you some of the most frequently asked questions about our plans
What are the frequencies payments available?
The frequency of payments available are monthly, quarterly, semestral, or annually. You should verify with an Authorized Representative or with a Customer Service Specialist the availableness of this according to the policy you acquire. You should choose the debit dates, 1, 7, 14, and 21, and the payment frequency: monthly, quarterly, semi-annually, or annually.
To whom is emitted the check of premium return check?
Premium refunds that have not been accrued will be issued to the person who paid the premium.
What are the documents that I must send to claim pain therapy, yoga and psychology services?
You should send an expense receipt showing a breakdown of the benefits paid by the insured. The receipt should contain the address, name, and profession of the person providing the service. In the case of yoga, it should be administered by a certified yoga guru.
What are the methods of payment are available in COSVI?
• Payment methods are: • Direct debit to your checking or saving accounts, VISA, MasterCard, or Discover. • Telepay for Banco Popular de Puerto Rico clients. • By telephone through our system of Call Center Pay use their checking or savings accounts, or credit cards (VISA, MasterCard, or Discover) getting in touch with one of our specialists at the Customer Service Center at 787-751-2828. Thru mail with checks and money order at the following address: Cooperativa de Seguros de Vida de Puerto Rico (COSVI) Attention to: Billing and Collections P.O. Box 71362 San Juan, Puerto Rico 00936-8462
Which are the minimum hours that I could he hospitalized to be covered under Hospipago Policy?
You should stay in the emergency room for at least 24 hours. The minimum length of stay will start to be covered once the hospital orders it.
What is an insurance policy?
Life insurance provides you financial help against possible loss due to death, illness, incapacity, or accident, and this protection is provided through an insurance policy that accumulates financial funds for such situations.
Steps to acquire your insurance
In just three steps, you can get the policy you are looking for.
Initial Consultation
In your initial orientation appointment, the objective is to establish good relations hear youcarefully and make adequate questions to know which you are needs a free consultation.
Evaluation
Depending on your needs, we evaluate the different products beneficial for you.
Presentation
Besides your resume, we will continue to evaluate all information provided to recover your situation and confirm your needs. We propose an action plan that identifies and explains different products and alternatives that meet your needs. If you agree with our recommendations, we help you get the product.
Orientación Inicial
En la cita inicial el objetivo es establecer una buena relación, escucharle detenidamente y hacerle las preguntas adecuadas para saber cuáles son sus necesidades.
Evaluación
Dependiendo sus necesidades, se evaluarán los diferentes productos de mayor beneficio para usted.
Presentación
Además, de resumir la situación, confirmar sus necesidades se procede a evaluar toda la información provista, se presenta un plan de acción en el que se identifican y explican los diferentes productos y alternativas que satisfagan sus necesidades. Si usted está de acuerdo con las recomendaciones, se le ayuda adquirir el producto.
What our clients are saying
Look what are insured have to say about our policies and our services.
I was treated very kindly and promptly.
Very well located and a wide variety of insurance products.
Good service, I won't let them.
Tremendous company. It is by appointment, at the moment, they are very helpful and fast, you do not waste time. Make an appointment by phone and that's it!!! Good service.
Excellent customer service.
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