Borrower insurance

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

Borrower insurance guarantees the coverage of all or part of the installments of a real estate 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 pay 60% of the monthly payments on a mortgage, then borrower insurance will reimburse 60% of the remaining capital if something happens to you.