It might be wiser to waive these insurance clauses and thereby avoid paying «small» supplements.
Indeed, most of the time, loan insurance clauses are simply not beneficial to you.
Less Expensive Possibilities
You need to check and compare it with other options available to you. But in most cases, it’s possible to obtain similar protections cheaply.
Thus, Group Insurance available through your job is often interesting and can fully cover your insurance needs at a low price. There’s absolutely no point to have double or triple coverage; you’ll probably only get paid once anyway.
In addition, it is always advisable to combine coverage on a single contract to avoid undue administrative costs.