Real estate loan insurance: easier for the borrower with the Lemoine Law

Mikaël Blin is a general agent in Saint-Lô. (© Hélène Perraudeau – Côté Manche.)

The insurance can be changed at any time

With the Lemoine Act, the day after the loan is signed, you can change borrower insurance for a more comprehensive and / or cheaper offer. “Before, you had to wait for the anniversary date of the contract to terminate your insurance,” recalls Mikaël Blin. Only statement: “You can only leave your insurer for equivalent coverage.” For the customer, this is the opportunity to make the competition play and to make savings.

Reduction of the right to be forgotten

Thanks to the Lemoine law, the right to be forgotten passes from 10 to 5 years. “Concretely, former patients will no longer be required to declare their disease 5 years after the end of the therapeutic protocol, and this for all people with cancer,” said Mikaël Blin. According to him, this is a positive development: “Sometimes people find it difficult to insure because of their medical history.” »

Deletion of the health questionnaire in certain cases

The famous (and dreaded) naked health questionnaire will no longer be required for some loans. “Those not exceeding € 200,000 and maturing before the borrower’s 60th birthday.”

Practice. For more information, contact Mikaël Blin: 02 33 57 56 91.

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