{"id":9167,"date":"2018-01-17T09:54:15","date_gmt":"2018-01-17T08:54:15","guid":{"rendered":"https:\/\/www.athome.lu\/blog\/?p=9167"},"modified":"2024-11-20T13:47:37","modified_gmt":"2024-11-20T12:47:37","slug":"insuring-your-preparedness-mortgage-insurance-rest","status":"publish","type":"post","link":"https:\/\/www.athome.lu\/blog\/en\/mon-logement\/assurance\/assurer-son-pret-hypothecaire-lassurance-solde-restant-du\/","title":{"rendered":"Insuring your mortgage: outstanding balance insurance"},"content":{"rendered":"<p><span style=\"color: #000000;\">When you take out a mortgage with a bank, your banker will ask you to insure your loan.  What does this mean?<\/span><\/p>\n\n\n\n<p><span style=\"color: #000000;\">There are suitable insurances to cover the outstanding amount of your home loan in the event of your death. These insurances guarantee the reimbursement by the insurer of all or part of the remaining amounts to be paid. This is called \"outstanding balance insurance\".<\/span><\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.athome.lu\/finance\/pret-immobilier\/demande\" target=\"_blank\" rel=\"noreferrer noopener\">For your home loan, contact an expert atHomeFinance<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong><span style=\"color: #000000;\">Outstanding balance insurance<\/span><\/strong><\/h2>\n\n\n\n<p><span style=\"color: #000000;\">First of all, it is important to know that outstanding balance insurance is not compulsory, although it is strongly recommended, and depends on the borrower's financial situation.<\/span><\/p>\n\n\n\n<p><span style=\"color: #000000;\">Moreover, the borrower is free to choose the institution that insures him.<\/span><\/p>\n\n\n\n<p><span style=\"color: #000000;\">The outstanding balance insurance is therefore a death insurance that covers the mortgage loan. It allows the insurer to reimburse the remaining sums due, according to the percentages chosen when the insurance contract was taken out, in the event of the death of the insured.<\/span><\/p>\n\n\n\n<p><span style=\"color: #000000;\">The percentage of a loan insurance is the percentage of the capital that one wishes to insure. In the case of a loan for two people, the co-borrowers can divide at least 100% of this percentage between them, and can even choose to insure each of them at 100 % in order to be fully covered by the insurance. Thus, in the event of the death of one of the two co-borrowers, the insurer reimburses the loan in full to the bank and the remaining co-borrower no longer has to pay anything and keeps the property.<\/span><\/p>\n\n\n\n<p><span style=\"color: #000000;\">For the same situation, if the deceased co-borrower was insured for 50 %, then the insurer will reimburse 50 % of the credit, and the remaining co-borrower will continue to reimburse his share, i.e. the remaining 50 %.<\/span><\/p>\n\n\n\n<p><span style=\"color: #000000;\">This insurance is temporary and will cover you for the duration of your mortgage. The sum insured decreases as you make your repayments.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong><span style=\"color: #000000;\">Total and permanent disability insurance<\/span><\/strong><\/h2>\n\n\n\n<p><span style=\"color: #000000;\">This benefit is usually combined with the death benefit.<\/span><br><span style=\"color: #000000;\">It will cover you if you become totally and permanently unable to carry out any professional activity as a result of illness or accident. Invalidity must be certified by an expert.<\/span><\/p>\n\n\n\n<p><span style=\"color: #000000;\">These two covers (death and disability) are usually taken out in one policy but can be taken out separately.<\/span><\/p>\n\n\n\n<p><span style=\"color: #000000;\">Finally, taxpayers can deduct certain expenses incurred during the year from their taxable income. Among these expenses, insurance premiums paid are tax deductible under certain conditions.<\/span><\/p>\n\n\n<section id=\"section-3-14695\" class=\"ct-section\" ><div class=\"ct-section-inner-wrap\"><div id=\"div_block-4-14695\" class=\"ct-div-block\" ><div id=\"new_columns-7-14695\" class=\"ct-new-columns\" ><div id=\"div_block-8-14695\" class=\"ct-div-block\" ><div id=\"div_block-14-14695\" class=\"ct-div-block\" ><\/div><\/div><div id=\"div_block-9-14695\" class=\"ct-div-block\" ><h1 id=\"headline-11-14695\" class=\"ct-headline\">What are the property prices at the moment?<\/h1><div id=\"text_block-12-14695\" class=\"ct-text-block\" >Prices are slowing down. Interest rates are rising. What are the trends for the coming months?<\/div><a id=\"link_button-13-14695\" class=\"ct-link-button\" href=\"https:\/\/www.athome.lu\/blog\/blog\/marche-immobilier\/prix\/tendances-2022\/\" target=\"_blank\"  >Read the analysis<\/a><\/div><\/div><\/div><\/div><\/section>","protected":false},"excerpt":{"rendered":"<p>Lorsque vous contractez un cr\u00e9dit immobilier dans un \u00e9tablissement bancaire, votre banquier vous demandera d\u2019assurer votre pr\u00eat. &nbsp;Qu\u2019est-ce que \u00e7a signifie ? Il existe des assurances adapt\u00e9es qui permettent de couvrir le montant restant d\u00fb de votre emprunt immobilier en cas de d\u00e9c\u00e8s. Ces assurances garantissent le remboursement par l\u2019assureur de tout ou partie des [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":9168,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[204],"tags":[115,36],"class_list":["post-9167","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-assurance","tag-assurance-vie","tag-credit-immobilier"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u25b7 Assurer son pr\u00eat hypoth\u00e9caire\u00a0\u25b7\u25b7 Assurance solde restant d\u00fb | atHome<\/title>\n<meta name=\"description\" content=\"Lorsque vous contractez un cr\u00e9dit immobilier, votre banquier vous demandera d\u2019assurer votre pr\u00eat. Qu\u2019est-ce que \u00e7a signifie ?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.athome.lu\/blog\/en\/my-home\/insurance\/insuring-your-preparedness-mortgage-insurance-rest\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u25b7 Assurer son pr\u00eat hypoth\u00e9caire\u00a0\u25b7\u25b7 Assurance solde restant d\u00fb | atHome\" \/>\n<meta property=\"og:description\" content=\"Lorsque vous contractez un cr\u00e9dit immobilier, votre banquier vous demandera d\u2019assurer votre pr\u00eat. 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