Change mortgage insurance insurance law

It is also possible to change loan insurance in the first twelve months of the life of the current contract thanks to the Hamon law.

Attention, in both cases, whether at each anniversary with the law or in the first twelve months of the life of the contract with the Hamon law, it is fundamental to do things and to respect certain steps .

Many people subscribe to the group contract of their bank when signing their mortgage, for convenience, willingness to save time, not to upset their banker … but often in group contracts, exclusions are numerous and a 90-day grace period (which is not ideal for all profiles) is almost always applied in the ITT guarantee.

1 – Subscribe the new contract with guarantees equivalent to the contract in force

loan insurance

The new borrower insurance contract must have guarantees that are totally equivalent to the first contract signed with the bank or another company (because the bank has granted you the loan under these guarantee conditions).

For your information, banks may only retain for their application for equivalence a maximum of 11 criteria out of the 18 defined by the CCSF for loan insurance coverage and a maximum of 4 out of 8 criteria for job loss coverage (if this is the case). this is required). 

Consult us without delay, we know all the criteria of equivalence of the contracts of the banks and will guide you towards the guarantees to be selected in the contracts of insurance of delegated loans.

2 – To cancel two months before the anniversary date of the group contract of the bank:

loan

To terminate at the annual deadline, well-defined steps must be followed, starting with the identification of the anniversary date of the contract, which varies from one bank to another: some group contracts have an anniversary date on the effective date of the insurance, others upon signature of the insurance application, others upon signature of the loan offer. Once the date has been identified, you must cancel at least 2 months before this date .

As an indication, here are the anniversaries of the group contracts of the main banks:

For delegated borrower insurance taken out with an insurance company other than that imposed by the bank, the anniversary date is often the effective date of the contract for the first year but to be verified, this can also be the date of the membership request…

Once again, these data are indicative, in any case, to consult us, we know the deadlines dates anniversaries for each of the banks and will give you the good planning to respect to cancel in the time.

It is also possible to change loan insurance in the first twelve months of the life of the current contract thanks to the Hamon law.

Attention, in both cases, whether at each anniversary with the law Bourquin or in the first twelve months of the life of the contract with the Hamon law, it is fundamental to do things and to respect certain steps.