Change contract at any time
From now on, thanks to the Lemoine law, you can terminate the borrower insurance for your mortgage at any time and free of charge for a cheaper contract.
Previously, it was possible to change it only within 12 months of signing your loan offer or every year on the anniversary date of your contract.
Thus, according to the magazine UFC-Que Choisir, using competition would allow borrowers to save an average of €15,000 over the duration of their loan, by replacing their group insurance (that offered by the bank when signing the loan). by a delegation of insurance (an individual contract). (translation by Google translate)
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