Change credit insurance in the course of loan is possible.
Changing credit insurance can not be done without the agreement of your banker! The borrower has the possibility to cancel annually an individual contract proposed to a lending institution (bank, credit institution) by referring to the general conditions of his borrowing insurance contract. The easiest way is to choose your contract from the outset with the same guarantees as those imposed by the bank.
The provisions of the Congilaw bill deal with new contracts but did not provide for contracts in progress contrary to the Hamon law which provides for a period of one year to be able to change coverage after the signature of offers of credit.
Changing the loan insurance saves up to 70% on the total cost of your guarantee
Steps to Successful Real Estate Loan Insurance Change Being Repayed
- Read the general terms and conditions of the current credit insurance contract
- Compare the cost of your insurance with the price offered by our comparator
- Define with the lending institution the termination date of the current contract
- Contact an advisor to set up the borrower insurance contract
- Save several thousand euros with loan insurance change
Mahon Law: You have 1 year to change borrower insurance
With the Cogilaw Company of 2010, borrowers can choose to carry out a “delegation of insurance”, that is to say to subscribe their credit insurance contract outside the bank, with the organization of their choice. For this outsourced contract to be accepted by the bank, it must present guarantees at least equivalent to those of the group insurance contract it has proposed.
The Hamon law, the law on consumption, reinforces the Congilaw provision by allowing borrowers to change their home loan insurance contract for one year from the date of subscription of the credit. This gives you enough time to put the offers of different insurers in competition with the borrower insurance contract you signed when you signed the loan. This way you can get less expensive insurance and more appropriate cover for your situation.
Get help and support from an expert broker in loan insurance change
To change the guarantee contract for your current home loan and thus pay a lot cheaper we offer the loan insurance change solution. Follow the steps above, and do not hesitate to contact by email or phone a consultant and ask to change the current loan insurance, in order to benefit from advice and information to change the credit insurance in progress and save up to 70% compared to the current disability insurance (disability, job loss) policy:
- change credit insurance in progress
- change mortgage insurance
- change disability death insurance
Recurring questions from borrowers about the change of insurance
- I would like to change insurance for my mortgage because I find it too expensive.
- Can you help me change insurance loan?
- Can I cancel my current credit insurance and take another insurance?
- Is it possible to make a purchase of the insurance of my mortgage?
- Change the ADI in the course of loan repayment, it is possible?
- Is it possible in the course of credit to change borrower insurance
- I wish to change my loan guarantee! is it possible?
- Can we change credit insurance contracted with the banker?
- Get a new insurance in the course of your loan!
- Can I cancel my credit insurance and insure myself elsewhere?
- I wish to change the credit insurance in repayment of the loan!