The consumer association Fine Bank details in a recent study how the banking sector circumvents the Lagarde law which allows subscribers to freely choose their borrower insurance, regardless of the insurance offered by the lending bank. In 2011, according to figures from the FFSA (French Federation of Insurance Companies), the French loan insurance market represented…
Month: January 2020
Loan insurance under delegation
The Lagarde Law now allows competition in terms of borrower insurance. You can thus save several thousand dollars on your mortgage by declining the insurance offer offered by your banker and by choosing more economical insurance conditions. It also allows you to compare mortgage loan insurance contracts before taking out the loan. The bank does…