World Health Day: maintain your borrower insurance!
Written by
Jules Stalin
05 avril 2024 – 2 min. reading
On April 7, 2024, we celebrate 75th anniversary of World Health Day. This day, set up to commemorate the creation of the WHO, aims to raise public awareness about health risks, access to care, as well as medical support. For this year, the chosen theme is “My health, my right”, the focus is therefore mainly on universal access to health services, education and medical information. On this occasion, it is also good to remember the importance that health can have when taking out a real estate loanand more particularly for borrower insurance.
Health, a major negotiation lever
When planning to invest in real estate, the state of health can become a real asset in negotiating the terms of our borrower insurance. A positive health check can positively influence insurers and result in more competitive offers. World Health Day is therefore the ideal time to focus on this essential and sometimes underestimated component of preparing for a home loan!
In addition, the terms of access to borrower insurance have evolved significantly in recent years, this is also an opportunity to review the most important modification. Indeed, on February 17, 2022, the Senate voted in favor of the Lemoine law. The latter is revolutionizing the world of borrower insurance. Since then, he has been possible to cancel your borrower insurance at any time of the year, and therefore to bring competition into play to negotiate the conditions of your new borrower insurance. In addition, the implementation of Lemoine has removed the health questionnaire for loans of less than €200,000and has extended the right to be forgotten from 5 to 10 years. Excellent news for borrowers!
Healthy health for healthy borrowing
Prevention and medical monitoring then become a real investment for your financial future. By taking care of your health, the foundations of a favorable negotiation for your borrower insurance are laid. And, by extension, for your real estate project.
Different factors can largely impact the cost of your borrower insurance, among these we can cite:
- Age;
- Smoking;
- Sports risks;
- Risky professions;
- Medical risks.
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Good to know
Insurers may refuse to cover certain profiles. Due to lack of coverage, these borrowers cannot borrow. In these conditions, the AERAS agreement makes it possible to facilitate procedures and ensure real estate loans for people presenting an aggravated health risk.
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2024-04-05 18:19:12
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