Insurance

Borrower insurance (or mortgage loan insurance / mortgage) is a guarantee subscribed to cover a loan, whether it is a mortgage or consumer credit, in order to guarantee the payment of loan deadlines in the event that the borrower is unable to reimburse all of the capital remaining.

Borrower insurance guarantees the management of all or part of the deadlines of a mortgage or consumption 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 charge of 60% of the monthly payments of a mortgage, then borrower insurance will reimburse 60% of the remaining capital if something happened to you.