Mortgage protection insurance is mandatory when taking out a mortgage in France. The majority of French lenders require that borrowers are insured for the amount of the loan through a life insurance policy which is assigned to the lender.
With mortgage insurance premiums accounting for as much as 30% of the total borrowing costs, it pays to shop around and switch. French banks offer block insurance policies which tend not to be as competitive for younger or senior borrowers. A qualified and regulated mortgage and insurance broker will be able to provide you with tailored advice.