Loan Insurance
Loan insurance accompanies a loan. In the event of a hard blow, this insurance protects you by taking over the credit. Depending on the situation and the contracts, the insurance takes care of the repayment of the monthly payments of your loan (unemployment or incapacity for work) or the repayment of the outstanding capital (death or disability).
GOOD TO KNOW
Although not legally required, taking out insurance is an essential condition for obtaining a loan.
GOOD TO KNOW
Although not legally required, taking out insurance is an essential condition for obtaining a loan.
Loan insurance generally includes the following basic guarantees:
death,
total and irreversible loss of autonomy,
permanent or total disability,
temporary or total incapacity for work.
GOOD TO KNOW: DURATION OF THE CONTRACT
Borrower insurance is limited to the duration of the credit. It begins, depending on the bank, upon the loan agreement or upon release of funds and ends when the loan is fully repaid or within the limits detailed in the insurance contract (age limit for example).
HOW MUCH DOES IT COST ?
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WHEN TO INTEREST IN IT
Our advice: do not wait to obtain your credit, it is better to anticipate.
Start learning about loan insurance early on in your loan research.