dim 14 oct 2007
The insurance(assurance) borrower is a temporary insurance(assurance), limited to the duration of the credit, which guarantees the refund(repayment) of this one in the event of death. She(it) is mostly completed by guarantees of insurance(assurance) of persons covering the risks of incapacity, incapacity and possibly loss of employment(use).
The insurance(assurance) borrower is generally a condition necessary for the obtaining of a loan. Although there is not a legal obligation(bond), credit institutions ask mostly to their customers to adhere(subscribe) to a collective insurance(assurance), which meets the needs of guarantee of some and of the others
The duty of information of the lender Whatever is the contents of the insurance contract borrower, it falls to the financial body to give all the necessary information onto guarantees and their cost. The body puts back(hands) for that purpose a note enumerating the guaranteed risks and clarifying all the modalities of the involvement(throw-in) of the insurance(assurance). Besides this note, the preliminary offer(supply) of consumer credit has to contain an information .
Source : extrait d’un article du site de ffsa ( traduction francais vers anglais)
Tags:credit insurance, insurance credit