How to change insurance during a mortgage loan?

If you have taken out a real estate loan with your bank, then you have necessarily taken out insurance that covers it. Indeed, it is a guarantee that financial organizations are required to be able to protect themselves against the possible hazards of life. However, you should know that since the Hamon law, you now have the possibility of taking advantage of the competition and terminating your contract to turn to more economical solutions.

Change insurance during a mortgage loan

Taking out insurance for your home loan with your bank is not necessarily a good solution. Generally, prices are excessive and compensate for interest rates which are sometimes low. However, you should know that since the Hamon law, you now have the possibility of terminating your contract within 12 months following its subscription. And to bring in the competition, nothing better than turning to the services of the Smartoctave site which provides you with a free comparator with all the offers available on the market. So you will have several options. The first will be to renegotiate your insurance with your bank. And if this does not play the game, then you will always have the possibility of taking out another contract that will meet your expectations and which, above all, will allow you to save money.

Perform an online simulation

To change your home loan insurance, there’s nothing better than going to the platform that gives you access to a questionnaire directly online. Once you have completed it, you will have the opportunity to consult several offers available on the market and very often, very competitive. Then, once your decision has been made, all you have to do is cancel your mortgage insurance if you are within the 12 months. If this is not the case, you can always try to renegotiate with your bank, wait for the anniversary date if your contract allows you to do so, or that of December 31 according to the Chatel law, and if your banking establishment accepts this. possibility. In any case, it will be in your best interest to look for offers compatible with your project to make the best choice for you.

Ghulam Muhammad

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