Understanding your insurance, made simple

Choose mortgage borrower insurance by starting with your lender’s required benefits, then compare costs over the same period for the same people. A lower monthly payment does not by itself demonstrate equivalent protection.

Documents to gather

• The standardised information sheet and your lender’s required guarantee criteria.
• The repayment schedule, outstanding balance and remaining term for an existing loan.
• Your current policy wording, premium schedule and each co-borrower’s insured share.

What to check before the price

Review the definitions of death, disability and inability to work, occupational or sporting exclusions, deferred periods, waiting periods and the ages when cover ends. Check how benefits are calculated and what proportion of the loan is insured for each person.

Then compare total costs over the same period, distinguishing level premiums from changing premiums. For a CHF loan, state the currency at the outset: insured amounts and proposed conditions must fit your case.

Simulate, then obtain approval

Use the EUR or CHF borrower insurance simulator to prepare a personalised comparison. Our guide to switching insurance and the Lemoine law explains the process.

For mortgages covered by the French rules, switching is possible at any time subject to equivalent benefits. Coordinate the start date with the lender’s approval to avoid a gap in cover. A simulation is not final acceptance.

Official sources (French) : Service Public — assurance emprunteur · Ministère de l’Économie — changer d’assurance.