How to choose your loan insurance – Actualite-FR

How to choose your loan insurance

A credit commits us, it’at least that’s what the lender says’t is customary to’hear. For when the’We have a credit, our lender expects us to take out an insurance’It will be reimbursed, with, of course, the interest, which the’we call the’wear and tear. However, when you are faced with a loan that is too small, you may not be able to afford it’If the loan is spread over a long period of time, as it can be the case for a real estate loan, we can be confronted with certain life hazards that can prevent us from making this repayment.

It can be’To act, for example, of’a serious accident depriving us of all work. In order to palliate this risk, the credit institutions, which are companies like the others, propose us, and often even impose us, the subscription to an insurance.

L’insurance proposed by the lender

If you have ever had to take one of these types of loans, you have probably already been confronted with this. Your contact will ask you to take out loan insurance and will offer you one. What’he will undoubtedly sell you a loan insurance’elsewhere. This insurance will be, most of the time, one of its own products or the product of’one of its partners.

A priori this contract should be adapted for you and for the loan that you are going to take out.

However, if the lender can force you to take out this type of loan, then you should be prepared for it’If you are not insured and do not want to take a loan, you should know that’it is not’The insurance company has no legal right to force you to take this or that product: it would be an abuse of dominant position.

A choice that is up to you

You have, therefore, the possibility to refuse the insurance’The insurance that is proposed to you to take one, equivalent, of your choice. The reasons can be multiple, by confidence in a company of insurance’It is important to consider the insurance or the price, in this second case it is not necessary to take out an insurance’Don’t hesitate to use an insurance comparison service’insurance.

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