The health questionnaire is often a mandatory step to take out borrower insurance (Photo credits: Unsplash – Hush Naidoo Jade Photography)
Although it is not mandatory, most insurance companies ask you to complete a medical questionnaire when you take out a mortgage loan insurance contract. A step that is often overlooked and yet far from trivial.
A medical questionnaire for what?
Whatever the field, insurance is there to cover a random risk and not a certain risk.
In the case of a home loan, the borrower insurance is there to guarantee the reimbursement of the bank in the event of default by the borrower, for example in the event of death, illness or accident.
When you file your claim, the insurance company is looking to establish what is called your “risk profile”, i.e. the level of risk it takes to cover you for the 15, 20 or next 25 years as part of your mortgage.
To do this, it takes into account many parameters such as the amount of the loan and its duration but also your profession, your age and of course your state of health.
You are therefore very often asked to complete a relatively detailed health questionnaire and sometimes even to carry out additional examinations to refine your level of information, such as a blood test for example.
All of this medical data is then sent to the insurance company’s medical advisor, who analyzes it and issues an opinion.
The level of your risk profile has a direct impact on the acceptance or refusal of your file and on the construction of the cover offer that will be made to you, with perhaps exclusion clauses and/or additional premiums.
Carefully fill out your medical questionnaire
Each company develops its own medical questionnaire but the main lines remain the same: you will have to detail your medical history (recent operations, illnesses, etc.) and your family history – such as cases of diabetes or heart disease in the family, etc.
You will also have to list your possible current pathologies, if you are taking treatment, etc.
The questions are specific and can go back several years, which can be a source of difficulty, such as indicating whether you have been prescribed medical treatment for more than 30 days in the last 10 years.
Good to know: Some companies may ask you to complete an additional document, called a “non-smoker declaration”, possibly with the application of exclusion or additional premium clauses. This is not the case when you take out Boursorama borrower insurance.
If you have any doubts, contact your doctor who can consult your medical file and give you the most accurate information possible.
Even if it seems tedious to you, do not rush this step because, in addition to the impact on your risk profile and therefore on the offer that will be made to you, the answers mentioned in your health questionnaire commit you to their accuracy.
Indeed, the Insurance Code states very clearly in article L.113-8 that “any intentional misrepresentation may result in the nullity of the contract”.
Clearly, if it is proven that you have deliberately lied or omitted information, in the event of a claim the insurance company may decide to cancel your contract, even if the claim in question has nothing to do with the point that you lied about.
For example, you claim to be a non-smoker when you smoke, and you have a serious accident having nothing to do with your tobacco consumption. If it finds out, the company can cancel your contract and therefore your compensation.
The consequences can therefore be serious.
Also keep in mind that any change (development of a chronic disease, practice of a so-called “risky” sport, etc.) during the life of the borrower insurance contract must be reported.
Stephanne Coignard (firstname.lastname@example.org)