Insurance

Borrower insurance (or mortgage loan/mortgage insurance) is a guarantee taken out to cover a loan, whether it is a home loan or a consumer credit, in order to guarantee the payment of the loan's due dates in the event that the borrower is unable to repay all the outstanding capital.

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

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