The Insurance of Mortgage Debt: Essential Aspects and Social Function

Abstract

The emergence of insurance carries implicitly a social function translated into the transfer of risk to a specialized entity, so that, in the event of any impairment to the patrimony, integrity, health or life of a person, it can be granted to the contractor or insured or who, the quality of beneficiary, the benefit agreed. In this way, the insured must not assume with his own patrimony, the damages or the cost involved in

Many insured persons and themselves affected by contracting a Mortgage Relief Insurance do not pay real attention, nor do they give due importance to this type of insurance, which has no other purpose than the protection of the real beneficiary of the coverage granted by the beneficiary. safe. The beneficiary must be understood not as the financial institution that generates the source of repayment of the granted credit, but as the family, who indistinctly lose or see diminished in their abilities, who served as head of the household income, can remain calm and with the mortgaged property released, in the event of the death or incapacity presented, in the holder of the credit.