Borrower insurance
Why subscribe to borrower insurance?
Pro Creditor Insurance secures your professional investment and protects your business and your loved ones.
You are covered in the event of Death, Total and Irreversible Loss of Autonomy (PTIA) and Stoppage of Work, within the limit and under the conditions mentioned in the policy information notice.
In the event of Death and PTIA, the borrower insurance covers the reimbursement of the capital remaining due on the day of death or on the day of disability. In the event of a work stoppage, the Insurance takes charge of the loan maturities (after expiry of the franchise period).
LCL will offer you the Loan Insurance contract suited to your investment and your profile, with a guaranteed rate until the end of the loan.
When to subscribe to borrower insurance?
You can subscribe to Pro borrower insurance if you insure a borrowed capital of a maximum amount of 1.6 million euros and you are under 70 years old (or less than 55 years old for a loan in fine).
However, if you do not meet these conditions, a specific contract may be offered to you.
48 hours maximum, it is the commitment to respond to your request to join the contract.
How are the medical formalities carried out?
The medical formalities depend on the age of the insured, the type of loan and the amount borrowed. They are specified in your membership request.
What if my situation changes during the loan?
If your situation changes, for example if you change your domicile, professional status, sports practice or if you start to smoke, your guarantees are maintained under the same conditions without having to notify us.
Can I be insured with an aggravated health risk?
LCL is a signatory of the agreement AERAS (Insure and Borrow with an Aggravated Health Risk), which facilitates access to borrower insurance for people with an aggravated health risk. More information on the AERAS convention: www.aeras-info.fr
As part of the AERAS agreement, credit institutions have established a plug which presents the main alternative guarantees in the event that borrower insurance cannot be taken out and the conditions favoring their acceptance by the lender.
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