Compare borrower’s insurance: what to look at?

Borrower’s insurance represents a significant part of the total cost of a mortgage. It is therefore essential to carefully compare offers before signing. An attractive rate may hide exclusions or insufficient coverage. Here are the key elements to examine to make an informed and secure choice.

1. The total cost of insurance

It’s not enough to compare the monthly rate: look at the *total cost over the entire loan duration*. The price depends on:

• The calculation method (on initial capital or remaining capital)
• The loan duration
• The insured amount

An offer that’s cheaper at the start may be more expensive in the long run.

2. The level of coverage

Make sure the proposed coverage meets your needs:

• Death and Total and Irreversible Loss of Autonomy: always included
• Temporary Incapacity for Work (TIW)
• Permanent Disability (IPP/IPT)
• Job loss: optional but useful depending on your situation

Read carefully the definitions, waiting periods, and exclusions.

3. Coverage exclusions

Some medical conditions, professions, or high-risk sports may be excluded from the contract:

• Undeclared pre-existing conditions
• Specific occupational risks (military, firefighters…)
• Extreme sports practices

These exclusions can compromise your coverage in case of a claim. It is therefore crucial to identify them clearly.

4. The waiting period and the deductible period

Two important concepts to compare:

• Waiting period: period during which you are not yet covered after subscription (often 1 to 12 months)
• Deductible period: period between the work stoppage and the start of compensation (often 30 to 90 days)

Long periods can lead to temporary lack of protection.

5. Equivalence of coverage

For the bank to accept your insurance change, the new offer must present a *level of coverage at least equivalent* to that of the initial contract. It is essential to respect this requirement to avoid a substitution refusal.

6. Domacap’s support

At Domacap, we don’t just compare rates. We analyze the coverage, general conditions, exclusions, and deadlines to recommend insurance that is truly adapted to your situation. You thus benefit from solid coverage, at the best price, validated by your bank.

Conclusion

Choosing borrower’s insurance is not limited to comparing a price. It’s an essential protection contract that must match your profile and your project. Thanks to Domacap’s expertise, you make the right choice with full transparency, and you optimize your real estate financing safely.