Real Estate Loan Insurance for Truck Drivers
The job of truck driver
The truck driver, who is in charge of transporting goods using a heavy vehicle, is also generally responsible for loading and unloading these goods and for servicing the truck.
Real estate loan insurance
Protecting the borrower and the bank throughout the repayment period of the home loan, loan insurance is intended to guarantee the loan and thus allows its repayment in case of disability, disability, death, or loss of employment of the borrower. When you apply for a loan, the bank will present you with its own insurance: the “group” contract. It is a collective hedging formula pooling risks on the client borrowers of its institution. However, thanks to the Lagarde law, you are entitled to direct you to the insurer of your choice and can opt for the individual insurance that will offer the best price/guarantee ratio.
The truck driver profession can pose risks for insurers
For many insurers, the job of truck driver is a job called “at risk”. As a result, some may exclude it from their contracts (see “exclusions” from the contract) and thus refuse to insure you, and others, if they agree to insure you, will apply special conditions as well as a surcharge, this being an increase in contributions. It is therefore wise that you compare a maximum of insurance offers adapted to your situation in order to choose the one that will be the cheapest.
Broker insurance loan online cheaper
Save time in your search with the loan insurance broker! The brokerage firm can offer you very quickly the insurance contracts that best meet your specific needs.