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Sports professional loan insurance

The professional athlete

The professional athlete

A professional athlete is a person who lives in the practice of an individual or collective competitive sport. Practicing his sporting activity as a professional, he is paid by his club or sponsor to participate in sporting events.

Sports professional loan insurance

Sports professional loan insurance

Any subscription to a home loan is usually linked to that of a loan insurance. Although it is not legally required to take out loan insurance when borrowing, banks require it from borrowers to secure credit. Indeed, it allows full or partial coverage of the loan repayment in the event of death, disability, disability or loss of employment (optional guarantee) of the borrower. Thanks to the Lagarde law of September 2010, borrowers have the freedom to choose their loan insurance. They therefore have the opportunity to compete between insurance companies and opt for the cheapest loan insurance contract with the most extensive guarantees.

The problem related to the risks of the profession of professional sportsman

The problem related to the risks of the profession of professional sportsman

Since the professional sports profession is generally considered “at risk” by insurers, it can be “excluded” from their loan insurance contracts. You will need to find an insurer who agrees to cover these risks by setting up special conditions, which will result in an increase in your so-called premium insurance contributions.

Get the best loan insurance solution with a broker! The brokerage firm can negotiate the price and the most advantageous conditions for your business risk insurance.

 

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