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From Wednesday June 1, it will be possible to terminate your borrower insurance contract at any time. This change will allow borrowers to make significant savings.
It will soon be possible to change your home loan insurance at any time, and no longer on the anniversary date of the contract. The operation will be possible from Wednesday June 1 for the new owners, and in September for those who already have a loan. The news is welcomed by borrowers. “It allows you to have your freedom, and to use the possibilities of your acquaintances, or friends who have had other experiences”says one of them.
More than eight out of ten customers take out insurance from their bank, often two to three times more expensive. Playing the competition will allow borrowers to make substantial savings. “Someone who has borrowed 250,000 euros, and who wants to change loan insurance immediately will save 20,689 euros”, reports Astrid Cousin, spokesperson for Magnolia.fr. Another change on June 1, the health questionnaire disappears for loans below 200,000 euros, provided you are under 60 at the end of the loan.
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