Assurance

Borrower insurance (or home loan / home loan insurance) is a guarantee taken out to cover a loan, whether it is a home loan or a consumer credit, in order to guarantee payment of the loan installments. in the event that the borrower is unable to repay the entire capital remaining due.

Borrower insurance guarantees coverage of all or part of the maturities of a mortgage or consumer loan in the following cases: Illness and Death; Total and irreversible loss of autonomy; Job Loss; Temporary incapacity for work.

To be clear, if you take care of 60% of the monthly payments of a mortgage, then the borrower insurance will reimburse 60% of the remaining capital if something happens to you.