The subscription of a loan insurance in case of practice of rafting
Appeared in France in 1980, rafting is a sport that consists of sailing alone or several on a river descent, in water more or less agitated, aboard a raft pneumatic called raft. Further illustration at highriverhighlandgames.com
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Insurance real estate rafting
The insurance of a real estate loan is a guarantee that it is necessary to set up in order to protect oneself in case of a possible failure of reimbursement caused by a situation of death, disability, incapacity for work or still job loss from the borrower. Banks usually require their underwriting and then offer their own insurance, the group contract (standard group insurance). The Lagarde law of September 2010 gives you the right to take out your loan insurance with the insurer of your choice. The bank can not refuse a delegation of insurance (external insurance contract) when the guarantees of the contract are at least equivalent to those of the group contract. By putting insurers in competition with each other, it is possible to find an individual insurance that is more advantageous than the group contract.
The problem related to the risks of rafting
Rafting is a sport that can be part of the “exclusions” of loan insurance contracts because it is considered “at risk” by insurers. To benefit from a loan insurance covering the risks of rafting, it will certainly be necessary for the insurer to apply specific conditions to the contract, which will increase its cost.
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