These types of insurance provide protection for both the borrower and the lender. They also guarantee the assumption of all or part of the repayment deadlines or the outstanding capital of a credit in the event of the occurrence of certain events.
Borrower insurance (or home loan / home loan insurance) is a guarantee taken out to cover a loan, whether it is a home loan or a consumer credit, in order to guarantee the payment of the installments of the loan. in the event that the borrower is unable to repay the entire capital remaining due.