2024-01-16 05:45:25
The Lemoine law hit the mark. This reform of the borrower insurance market, which allows you to change contracts at any time (since June 2022 for new loans and September 2022 for current loans), has considerably strengthened competition in the sector, until then between the hands of the banks which issue the loans. Thus, according to the Financial Sector Advisory Committee (CCSF), responsible for evaluating the reform and which has just sent its report to Parliament, substitution requests increased by more than 80% between 2021 and the first half of 2023. The number of alternative insurance contracts has jumped by 215,000 in 17 months, including 117,000 from January to May 2023.
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It is today much easier to get rid of your banking group contract, often linked to obtaining credit but very expensive, to replace it with an individual contract with a competing insurer with equivalent guarantees and a much lower price. . The savings can reach 60% and represent thousands of euros over the life of the loan. There is no longer any need to respect a deadline of four weeks before the anniversary date of the contract and to engage in intense negotiations with your bank, a single letter is enough, at any time of the year. Your establishment has ten days to respond to you.
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