These types of insurance offer protection both to the borrower and to the lending organization. They also guarantee the support of all or part of the reimbursement deadlines or the remaining capital due to a credit in the event of the occurrence of certain events.
Borrower insurance (or mortgage loan insurance / mortgage) is a guarantee subscribed to cover a loan, whether it is a mortgage or consumer credit, in order to guarantee the payment of loan deadlines in the event that the borrower is unable to reimburse all of the remaining capital.