"The portability of can not be thwarted by the rigidity of the insurance industry and the agreements between insurance companies and banks that are too expensive for the customer."
Word of the President ISVAP, Giancarlo Giannini, that the annual report 'Institute of Insurance Supervisory reported the complaints of consumers faced with the extinction of the policies, when they want to move the same loan with a high bank.
So the portability of which has already proved a Via Crucis for consumers, now encounter a new obstacle in his path: the insurance policy.

Operation, to choose to change bank, which the borrower is affected by considerable difficulties, in particular to dissolve the bonds of the bill related to mortgage. People point out, in fact, that it is almost impossible to pay off bills that assist the mortgage when they want to move the same loan with another bank.

"The mechanism works like this, Giannini said: When a mortgage with a bank that asks you to sign a bill to guarantee. The is supported by a fire insurance of the building which was added in more recent years, the temporary death case on the risk of early death of the borrower. "
To grant the loan the bank often requires a similar shell, assuming a transfer of the loan should also be portable. The problem arises, however, the fact that the premium and fees, even for a ten-year mortgage are usually paid in advance, in the form of single premium, and commissions are high.
"So if you want to switch banks - said Giannini - the bank asks for a new policy. But if the cost to extinguish the old policy is unreasonably high, since you can not recover the premium and fees, the change of the bank is discouraged.

An alarm that Isvap accepted, trying to shed light on this situation. Why the president Giannini urges companies to interpret the rules rescindibilità policyholders.

According to the Authority that supervises the industry to fully implement the porting should be a set of requirements: to ensure the customer who wants to settle the bill, the repayment in full of the insurance premium is not enjoyed, and reconsider the extent of commissions that are applied too heavy-handed for insured: from a minimum of 40% to a maximum 80%.

For this Isvap urges companies and banks to swiftly agree on the portability of of property, which would - according to Giannini - also a good test for the fledgling federation Abi-Ania, namely the Italian banking association is between insurance business.

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