Fundable credit insurance before the loan agreement?
Credit insurance is it finance even before the loan agreement the bank or solicited by borrowers? This is a common question from users wishing to gain time under the direction and financing of their credit either in the form of mortgage, redemption of credit or personal loan. In absolute terms, the answer to this question is yes, but better to wait a little, why?
If you know the amount of your mortgage will be around 120 000 euros and you start a procedure of insurance cover death and disability with any company, you may be able to complete the contract started. But you also incur the risk of it all over again … It is difficult to provide precise numbers to their insurer until the loan offers are not edited. They are what define who are the borrowers, what is the credit period and its rate and its exact amount: ie all the necessary information for an insurance company can establish an estimate, then a contract of particular insurance.
If you anticipate this step, and banking and insurance, you will likely request to repeat the operation so that the figures are correct. You may donate any duty again. Wait a minute, so you will also avoid another problem, financial one, namely to start paying the insurance on the loan in question when it was not yet in place: indeed, for a publishes insurance contracts, it must know the effective date of coverage, ie his departure! If you accept contracts two or three months before the actual funding of the credit, you will lose money.
