The Lemoine law allows you to change your borrower's insurance at any time, without waiting for the maturity date, and to access better conditions. Contact KT Assur&Bank to take advantage of it.
If you have a mortgage, did you know that you can now easily change your mortgage insurance at any time ? The Lemoine Law, which came into effect in 2022, offers unprecedented freedoms for borrowers. In this article, discover how this reform can help you save money, what criteria apply, and how KT Assur&Bank can assist you in taking advantage of it.
What is the Lemoine law?
Law No. 2022-270 of February 28, 2022, known as the "Lemoine Law," aims to provide "fairer, simpler, and more transparent access to the borrower insurance market."
Among its key measures:
- The right for any borrower to cancel or replace their loan insurance at any time , without waiting for the annual maturity date.
- The health questionnaire is waived in certain cases (loan < €200,000, repayment before age 60).
- Strengthening the right to be forgotten for certain former patients.
Why is this law an opportunity for you?
1. Leverage competition and reduce your costs
By switching your mortgage insurance at the right time, you can get an equivalent or better contract for an often lower amount.
2. Tailor your contract to your profile
Regardless of your age, past health, or the type of loan, the law provides greater access to alternative insurers.
3. Greater transparency
Your bank is required to inform you of your rights every year.
The conditions to be met to benefit from it
- You must propose a replacement insurance contract offering a level of coverage at least equivalent to that of your current contract.
- The new contract must clearly meet the coverage criteria originally required by your loan.
- In some cases (loans under €200,000 per insured person, repayment before age 60), the medical conditions are relaxed.
Steps to take advantage of the Lemoine law
- Analyze your current contract : coverage, premiums, exclusions.
- Compare borrower insurance offers to find a better rate.
- Choose the right time to cancel: depending on your situation, there may be an impact on the remaining monthly payments.
- Present your new certificate to your bank for replacement.
- Follow the process with your KT Assur&Bank advisor to make sure everything is compliant.
Why choose KT Assur&Bank to support you?
- Complete expertise in borrower insurance: we help you compare, cancel, and subscribe.
- Personalized analysis based on your profile, your loan, and your past health.
- Clear and transparent guidance so you understand each step.
- Optimization of your premiums thanks to our network of partner insurers.
Conclusion
The Lemoine law is revolutionizing borrower insurance by offering borrowers freedom. If you want to reduce your premiums , benefit from a contract tailored to your profile, or take advantage of competition, now is the time. With KT Assur&Bank, you'll receive guidance to make the right choice.