Loan Insurance

No, not if you are under 60 at the end of the loan and the amount insured is less than €200,000 per person. This is one of the new provisions brought by the Lemoine Law. I will explain everything to you during our first call.

No. The Lemoine Law prohibits banks from charging cancellation or modification fees. However, there are delegation fees. My support is billed with complete transparency.

Yes. If you have one or more loans with banking institutions in France, you can switch your borrower insurance even from abroad. Indeed, I offer support via video conference or phone, with a 100% online subscription process to facilitate your procedures.

The law requires equivalence of coverage: your new policy must provide a level of protection at least identical to your bank's insurance policy. This compliance is verified according to 11 strict criteria from the CCSF (French Financial Sector Consultative Committee), covering death, PTIA (Total and Irreversible Loss of Autonomy), ITT (Total Temporary Incapacity), IPT (Total Permanent Disability), and IPP (Partial Permanent Disability). I take responsibility for analyzing the Standardized Information Sheet (FSI) provided by your bank and selecting only offers that perfectly comply with this legal equivalence.

Your bank can only refuse your insurance change for two specific legal reasons: 1. Non-compliance with the equivalence of coverage, or 2. Submission of an incomplete file. It is prohibited from refusing for commercial or profitability reasons. The bank has 10 business days to render its decision. Any refusal must be motivated and detailed in writing. If the refusal seems unjustified, recourse to the banking mediator is possible. My support ensures the preparation of a complete and compliant file, thus maximizing the acceptance of your request.

No. The substitution takes effect as soon as the bank gives its agreement, with retroactivity if necessary. Your former contract remains active throughout the entire process. You are therefore continuously covered without any lapse. I take care of monitoring every step for you.

The savings achieved on borrower insurance are substantial, often ranging between 35% and 65% of the total cost compared to standard bank offers. For a home loan of €250,000 repaid over 20 years, the gain can easily reach €8,000 to €15,000 over the term of the loan. For loans over €300,000, it is not uncommon for the total savings amount to exceed €20,000. I offer to accurately assess the savings potential for your own profile through a free, no-obligation study.

Yes. The new offer must provide equivalent coverage to the guarantees offered by your bank (cf. question 'What is the equivalence of coverage?'). Sometimes it is even possible to increase the level of coverage when switching insurance, while still making a worthwhile saving. You are therefore better insured for less money. I will guide and advise you with complete transparency based on your specific situation.

95% of loan insurance policies offered by banks (known as "group" or "internal" contracts) are structurally more expensive than external insurance policies (known as "delegated insurance") because borrower insurance is a major source of revenue for the bank. Banks often apply a significant margin on the insurance premium since they are willing to substantially lower the loan interest rate. Generally, the client pays much more attention to the interest rate than to the cost of the insurance. I offer you a free, no-obligation simulation so you can see the difference in cost for yourself.

Yes. The Lemoine Law allows you to switch your loan insurance at any time. Even if your bank agreed to lower the interest rate in exchange for subscribing to their insurance, you are entitled to switch policies. I recommend we run a simulation together, as the savings can be considerable!