How does the Lemoine Act change the situation for owners?

Barthélémy Philippe, edited by Yanis Darras

It’s a small revolution in the property insurance world. Since the beginning of September, all owners can switch borrowers insurance thanks to the Lemoine law. The key for individuals, significant savings, as for Sébastien, who saved 4,800 euros by changing his insurance.

Full map to Lemoine Law. This law, which came into effect a month ago, makes it possible to change borrower insurance at any time for all borrowers, with a new or old contract. From now on, you no longer have to wait for the anniversary of your loan to make this change, to the delight of the owners. Many of them have thus rushed into the break to play the competition and make significant savings on games. “I quickly made a comparison and I received several proposals for my last six years of mortgages. So the renegotiation of this loan insurance saves me 4,800 euros”, explains Sébastien at the microphone in Europe 1.

The owner assures him: he would never have thought of terminating the insurance of his mortgage before this law. Like him, since the start of the school year, brokers have experienced an influx of customers who want to switch borrowers’ insurance to pay less. A rather impressive craze, according to Maël Bernier, spokesman for the broker Meilleurtaux.com.

“Substantial savings to be made”

“We’ve generally seen since this summer, because the French have taken the lead a little bit, a 20% increase in requests every month compared to the previous month,” she explains, before adding: “I think the French understood that very good. that there were significant savings to be made” by switching insurance. If the momentum started by this law continues, it will have achieved its goal of opening up the mortgage insurance market to other players and breaking the banks’ monopoly.

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