What is income loss insurance?

Income loss insurance is a protection that guarantees an intervention in the repayment of your mortgage loan when a significant and involuntary income loss occurs. In concrete terms, if you lose your job, become totally unable to work or are placed in availability, this insurance can cover part of your monthly mortgage repayments, within the limits set by the scheme.

In the Walloon Region, this insurance can be taken out at no cost to you with an approved company. The Region pays the premium and you do not have to reimburse the amounts potentially paid under the insurance. It is therefore a powerful safety net to help you meet your financial commitments and keep your home even in case of unforeseen events.

The intervention is always limited according to the effective income loss you suffer, which ensures that the coverage is adapted to your real situation. This mechanism is designed to support households that contract a mortgage loan and want to secure it against life’s hazards, particularly in an economic context that remains uncertain in 2026.

Key advantages of income loss insurance

What are the conditions to benefit from it?

To be eligible for the income loss insurance offered by the Walloon Region, several conditions related to your mortgage loan, your professional situation and your property must be met. These criteria ensure that the scheme targets owner-occupiers who genuinely use the property as their main residence.

The main conditions generally required are:

• Borrower profile
  The mortgage loan must be contracted exclusively by the applicant and their future spouse or partner. The loan must be taken out for a property that will serve as a principal residence in the Walloon Region.
• Type and rank of the loan
  The mortgage loan must be in first rank. A second-rank loan can nevertheless be covered in case of construction or renovation if the first-rank loan was used to finance the purchase of the land or existing housing and is not already covered by similar insurance.
• Professional situation
  At the date of the application (or at the signing of the authentic loan deed, if later), you must have a stable professional situation:
  • employee working at least part-time under status or permanent contract, or
  • self-employed as a main occupation, or
  • temporary worker in education, at least part-time, with a minimum service seniority of 8 years.
• Use of the property
  Your home must be located in the Walloon Region and be primarily intended for habitation. Any part used for professional purposes must be less than 50% of the total surface area.
• Ownership history
  On the date of application and during the two years preceding this date, you and your (future) spouse or partner cannot, alone or together, own or have owned another home in full ownership or full usufruct. An exception is possible if the home concerned is officially recognized as non-improvable or uninhabitable.
• Commitment to occupy the property
  You and your (future) spouse or partner must commit not to sell or rent the home, in whole or in part, and to establish your main residence there. You must also accept possible checks by the Administration on compliance with these commitments.

Each file is examined on the basis of the official texts in force. It is therefore important to present complete and accurate information when submitting your application.

Coverage details and application procedure

Understanding the exact extent of the coverage and respecting the deadlines for submitting your file are essential to effectively benefit from income loss insurance. The following elements summarize the key points to keep in mind for your project in 2026.

For more detailed information on our mortgage loans and the solutions available for your project in the Walloon Region, visit our dedicated section: mortgage loan solutions.