Insuring a loan with greater health risk

Everyone, even if they have had health problems in the past, aims to lead a normal life and realize their plans, such as buying a home. There AERAS convention (Insurance and Lending with Increased Health Risk) was created in this context. Signed in 2006 by almost all French insurers, it aims to improve access to borrower insurance for people who suffer or have suffered from serious pathologies.

The text sets out a general framework for risk assessment, pricing insurance contracts to people at risk. she is he does not routinely promise to get insurancebut regulates the practices of insurers for greater transparency.

For some diseases, the AERAS assembly provides, first, a true ” right to be forgotten “. In other words, people who have been treated and cured are no longer obliged to disclose their previous illness on the health questionnaire. Disturbing:

• People who have had cancer or hepatitis C;
• whose treatment has been completed for at least 5 years, without relapse during this period;
• to issue a full payment loan before the borrower turns 71.

For other pathologies, the text provides ” reference grid “. The illnesses listed on this grid must be reported to the insurer. However, the convention then places limits on:

• Tosurprisespayable by the insurer.
• Towarranty exclusioncan be added to the contract.