Sport at risk: The Bobsleigh
The bobsleigh was born in the Alps in the late nineteenth century. Present at the Olympic Winter Games since 1924, this winter sport consists of a timed race on a two or four team ice-cold track.
Real estate risk insurance
Linked to a mortgage, loan insurance is a guarantee usually required by banks to secure the loan through the assumption of reimbursement in case of default on the part of the borrower. Since September 2010, the Lagarde law has opened the loan insurance market by giving borrowers the right to subscribe to their insurance policy with the insurer of their choice. This device allows them to benefit from an insurance based on their individual profile and to opt for the offer that will present the lowest rate to save on their home loan.
Bobsleigh: beware of insurance contract exclusions!
In many loan insurance contracts, bobsleigh may be subject to exclusion. Indeed, some sports and trades are considered “at risk” by insurers, they do not cover them. Others will apply specific conditions to the contract as well as an increase in the so-called “premium” insurance premium. It is therefore important that you take the time to compare several contracts to find the one that will cost you the least and protect you appropriately.
Do not neglect the help you can get from the loan insurance broker! Specialized in negotiation of financial offers, broker can quickly get you the cheapest loan insurance on the market that best suits your specific situation.