Sport at risk – Endurance – Loan insurance

Endurance

Endurance

Endurance is the fact of maintaining a stress of a certain intensity for an extended period of time. In athletics, there are various endurance sports events: the 1,500 meters, the 5,000 meters, the 10,000 meters, the marathon. We also find the endurance in motor sports. As for the 24 Hours of race, this consists of completing the longest distance for a given time.

Sport at risk and loan insurance

Sport at risk and loan insurance

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Real Estate Loan Insurance – Dangerous Sport

Real Estate Loan Insurance - Dangerous Sport

You plan to finance the purchase of your home by subscribing a mortgage? When you apply for a loan, your banker will ask you to join a loan insurance to ensure that the bank will still receive the repayment of the credit despite the occurrence of a disaster that prevents you from paying your monthly payments. Loan insurance aims to guarantee a credit by allowing the assumption of partial or full reimbursement by the insurer in case of death or disability of the borrower.

The risk problem of endurance practice

The risk problem of endurance practice

Endurance can be a sporting activity that falls within the “exclusions” of loan insurance contracts because it is a sport generally considered “at risk” by insurers. If this is the case, the insurer will not cover the risks related to this sport. However, you can benefit from a credit insurance policy adapted to your sport but for this the insurer must apply special conditions, which will increase the cost of your insurance premium.

 

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