Do you need to take out a home loan? Have you quit smoking with the e-cigarette? And beware of unpleasant surprises because even while being a vaper, your borrower insurance could well cost twice as much !
SMOKERS, STEAMERS, A DIFFERENCE FOR BORROWER INSURANCE?
Who says borrower insurance says medical questionnaire. An important document that allows insurance companies to know a little more about the health of their future clients, to determine the risks incurred and to apply any premium increases.
This mandatory document must be completed honestly in accordance with Article L. 113-2 of insurance code. Any misrepresentation that may lead the insurer to re-evaluate the contract or even to conclude its nullity. In case of disaster, as is'disability or Job Losshe can refuse to compensate his client. The discovery of a pathology related to smoking during the contract can not be covered if the client has made a false declaration.
As a vapoteur we generally consider ourselves as a "non-smoker" but the insurance code does not distinguish it in the same way:
“According to the insurance code, any individual who has never smoked or who has not smoked during the last 24 months at the time of signing the contract is considered a non-smoker. Those who smoke via e-cigarettes are also considered smokers. "
Unfair? Effectively ! Do not be surprised if you are treated like a smoker when you take out a loan insurance policy!
SMOKERS, VAPORS, SAME RATE FOR BORROWER INSURANCE!
But in reality how much does a borrower insurance cost? Is the difference between a vaper / smoker and a non-smoker huge?
The fact of declaring yourself a non-smoker or non-vapoteur during the medical questionnaire can be tempting in order to avoid an additional cost. Indeed, the observed average cost of loan insurance for a couple of first-time vapers or smokers amounts to € 30 compared to € 000 on average for a couple declaring themselves non-smokers. But the risk is important because in case of doubt the insurer is entitled to ask for a declaration on his honor as well as a test which makes it possible to detect the presence of nicotine, known as the “cotinine” test.
Know that the Hamon law and l'Bourquin amendment allow a loan insurance contract to be terminated on each anniversary date, thus promoting competition between offers and guarantees. Some companies are much cheaper than bank insurance when it comes to medical risks, so it's up to you to make the competition work!
