Real estate glossary
Borrower insurance (assurance emprunteur)
Insurance that covers all or part of the instalments or outstanding capital if the borrower dies or becomes disabled or unable to work, depending on the contract. The borrower may choose another insurer than the bank’s if the cover is equivalent.
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General definition provided for information only. The rules that apply depend on your situation, the country and the law in force: check them with a professional (notary, lawyer, estate agent).