- BenutzernameMoneyland User Questions
- Status Member
- Registriert seit1/27/17
- Beiträge2142
February 21, 2017, 11:12:23 AM
Is a loan insurance worth it? If so, which Swiss insurance policy would you recommend?
Is loan insurance worth it?
Here you will find the right answers
About Moneyland Forum
The moneyland.ch forum lets you exchange knowledge on numerous topics related to money and get answers to your questions at any time. Join forum users and experts in discussions relating to banking, investment, insurance, retirement, telecom and everyday money topics.
Show categories
- BenutzernameMoneyguru von moneyland.ch
- OrtSchweiz
- Status Expert
- Registriert seit8/4/15
- Beiträge4002
February 21, 2017, 3:33:58 PM
Greetings,
Insurance for personal loans covers your regular loan repayments when certain hazards occur which make it impossible for your to make these payments yourself.
Most loan insurance policies cover your loan repayments against the following hazards:
1. Loss of employment, when you are not personally responsible for losing your employment.
2. Loss of income due to disability resulting from an accident or illness.
Important: Loan insurance greatly increases the cost of loans. Lenders earn good money by selling this insurance. You should understand that loan insurance is voluntary. A lender cannot force you to take out a loan insurance policy.
If you are considering loan insurance, make sure to carefully go over the fine print of each policy to find out what is covered and what is not covered before you sign up.
Best regards from Moneyguru
More info:
Interactive personal loan comparison
