Loan insurance and risky sports
In total, over the 2021-2022 winter sports season, the SNOSM (National Mountain Safety Observation System) recorded 45,985 injuries on French ski slopes, notes the daily Les Echos. A figure up by +8% compared to the five years preceding the Covid-19 pandemic. And that’s not all. While there were 15 deaths (excluding avalanches) in ski areas in 2014-2015, there were 35 last year.
For her part, when she studies a subscriber’s file, borrower insurance assesses the level of risk of the last. The state of health, but also the practice of sports or leisure as an amateur or professional are then taken into account. Therefore, surfing, but also rafting, caving, microlight flights, skydiving, skiing, snowboarding, freeride skiing or even freestyle skiing can give rise to additional premiums or worse, to warranty disclaimers.
An occasional or professional practice?
In most cases, the insurers exclude the coverage of accidents occurring while exercising a mountain sport. In other words, in case ofskiing accidentthe insurance does not replace the beneficiary for the payment of the monthly installments of his real estate loan.
www.prèsris.com: “If you are a professional sportsman and you regularly practice a sport in a club, for example, you are obliged to declare this to your insurer. Lying about your home loan insurance to reduce the premium exposes you to the nullity of your contract. »
However, it is necessary to qualify. If this rule applies to sports practiced very regularly, in competition or professionally for example, the insurer makes a distinction between sports practiced occasionally, by way of hobbies or when family holidays. However, it is necessary check the conditions of support before arranging his departure.
Furthermore, even when practiced occasionally, the off-piste skiing or snowboarding can give rise to a disclaimer of warranties. Loan insurance broker Magnolia recommends notify your insurance in case of regular practice, so that it adapts its prices and its care.
In a report covering the year 2022, the Advisory Committee of the financial sector scrutinized the guarantees of the market of theborrower insurance. It appears that the off-piste is covered in 78% of case during death of the subscriber, excluding prior declaration. This number rises to 63 % when the accident causes partial disability or total.
