By Charlotte GAUCHON
26 March 2025
Got your mortgage? Congratulations. But don't forget loan insurance, which is often relegated to second place during negotiations, but is nonetheless essential. It can account for a substantial proportion of the total cost of your loan, sometimes up to 30% or even more depending on your profile and cover. It plays a fundamental role in securing the repayment of your loan over the long term. Borrower's insurance guarantees repayment of the loan in the event of certain unforeseen events, such as the death, disability or loss of employment of the borrower. Although the bank cannot legally impose this as the sole condition for granting credit, in practice it almost systematically requires insurance cover to protect against payment default. In view of its importance and cost, the legislator has gradually tightened the rules governing this type of contract, in order to ensure that the...
EN 
FR