Waiting time mortgage insurance

In terms of loan insurance, the waiting period, known as the grace period, refers to a period that must be waited until the term for the insurer to pay compensation following the declaration of a claim by the insured. This period begins on the date of subscription of the loan insurance contract. More on Waiting time Loan insurance usually includes a waiting period, known as the grace period, but also a waiting period. It should not be confused. The guarantees of a loan insurance contract do not necessarily take effect…