Hello, I would need your help to understand a situation. An extensive acquaintance told me that he (in Jan. d.J.) financed his vehicle 60% over a house bank of the car dealership for 24 months. The bank demanded a guarantee declaration of a guarantor, the conclusion of a installment insurance and-> a default insurance in case the guarantor should become insolvent. Burge is the non-working wife!!!!! At the former I became stubborn, at The latter was very noisy. I became stunned, since the person concerned is generally known as financially well equipped and the new car value was less than 90,000.- Euro. (i.e. nearly 60,000.- Eur. financed by the bank) and I know the legal situation with guarantors without own income. Hellhörig, since I know default insurances (e.g. debt default Vers.) only from the commercial sector so far. Now my questions: Is there any guarantee-insurance for private individuals, which can be applied to a private installment loan here: car financing? Is this three-fold credit protection in practice actually and more often? I already consider a installment insurance (in the event of an existing accident and risk LV) as superfluous as a crop. Anything else would make me very, very questioning. Thank you for your advice from the asphalt hopper