Offshore racing is a nautical competition sport that consists of flying boats powered by very powerful engines.
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Real estate loan insurance for off-shore pilot borrower
When you buy a home loan to finance the purchase of a home, you can not usually escape the fact of joining a loan insurance. Indeed, banks systematically require insurance loan is subscribed by the borrower to secure the loan because this type of credit engages for a long time. Loan insurance thus protects the bank in case of occurrence of a disaster resulting in an inability for the borrower to repay his monthly payments. It is not compulsory to subscribe to the group insurance contract proposed by your bank: you can opt for “insurance delegation”. This consists of taking out loan insurance outside the lending institution. So you have the opportunity to compete between insurers to find the best loan insurance contract on the market.
Loan insurance: the problem of off-shore racing
The practice of off-shore racing is likely to lead to a refusal to assure you from some insurance companies because it is a sport “at risk”. For those who will agree to insure you, this should be done under the condition of the application of specific terms and an increase of your insurance premium.