Mortgage Dictionary - Insurance

Master the language of Swedish mortgages and real estate. From belåningsgrad (loan-to-value) to handpenning (earnest money) – understand every term you'll encounter when buying a home in Sweden.

Selected Tag: Insurance

C

🇸🇪BostadsrättsförsäkringCo-op insurance (housing cooperative insurance)
Insurancehousing-cooperativerecurring-cost
Addition to home insurance covering what the apartment owner is responsible for, like interior surfaces.

H

🇸🇪HemförsäkringHome insurance (household insurance, contents insurance)
Insurancerequirementsrecurring-cost
Insurance for your home and belongings. Usually required by the bank to get a mortgage.
🇸🇪VillaförsäkringHouse insurance (homeowners insurance, building insurance)
Insurancevacation-homerequirementsrecurring-costhouse
Insurance for the house that includes home insurance. Mandatory in practice for homeowners.

P

🇸🇪LåneskyddsförsäkringPayment protection insurance (PPI, loan protection, mortgage insurance)
Insurancerecurring-cost
Insurance that pays the loan if you get sick or unemployed. Consider if you really need it.