Menu

Change mortgage insurance

0 Comment

It is also possible to change loan insurance every year at the anniversary date of the current contract through the law.

Be careful, in both cases, whether in the first twelve months of the life of the contract with the Hamon law or on each anniversary date with the Bourquin law, it is fundamental to do the things of the order and to respect certain stages. .

Many people subscribe to the group contract of their bank when signing their mortgage, for convenience, willingness to save time, not to upset their banker … but often in group contracts, exclusions are numerous and a 90-day grace period (which is not ideal for all profiles) is almost always applied in the ITT guarantee.

1 – Subscribe the new contract with guarantees equivalent to the contract in force

The new borrower insurance contract must have guarantees that are totally equivalent to the first contract signed with the bank or another company (because the bank has granted you the loan under these guarantee conditions).

For your information, banks may only retain for their application for equivalence a maximum of 11 criteria out of the 18 defined by the loan insurance coverage and a maximum of 4 out of 8 criteria for job loss coverage (if this is the case). this is required). 

Consult us without delay, we know all the criteria of equivalence of the contracts of the banks and will guide you towards the guarantees to be selected in the contracts of insurance of delegated loans.

2 – Terminate in the first twelve months of life of your loan insurance contract

loan insurance

It will also be necessary to cancel within twelve months of the anniversary date of the mortgage insurance contract : be careful, depending on the banks, the anniversary dates may change: sometimes it is the date of the signature of the application for Accession to the borrower insurance contract, sometimes it is the date of signature of the loan offer that counts, sometimes still it is the effective date at which the insurance contract started.

As an indication, here are the anniversaries of the group contracts of the main banks:

For delegated borrower insurance taken out with an insurance company other than that imposed by the bank, the anniversary date is often the effective date of the contract for the first year but to be verified, this can also be the date of the membership request…

Once again, these data are indicative, in any case, to consult us, we know the deadlines dates anniversaries for each of the banks and will give you the good planning to respect to cancel in the times

Change mortgage insurance

mortgage insurance

It is also possible to change the loan insurance policy at each anniversary date by invoking the law.

Be careful, in both cases, whether in the first twelve months of the life of the contract with the Hamon law or on each anniversary date with the Bourquin law, it is fundamental to do the things of the order and to respect certain stages. .