If the guarantee linked to MNOs seems useful, we must be more careful with the guarantee of loss of employment. First of all, the latter is expensive : between 0.16% and 0.90% of the loan amount, while borrower insurance is already very expensive at banks. In addition, it can be complex to access compensation in the event of job loss. You have to be on a permanent contract for more than a year and lose your job because of an economic layoff. In addition, coverage only lasts a maximum of 36 months over the entire duration of the credit and only covers after a waiting period.
For some contracts, the promised sum is not received until six months after the start of the period of unemployment. So remember to read the conditions of your contract carefully so as not to have any bad surprises. Also be aware that if you want to proceed to a change of mortgage loan insurance via an insurance delegation, it will be necessary to find a formula with the same level of guarantee as that offered by the bank. So choose your guarantees carefully when you take out your first contract.
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