To take out a mortgage, you will need to join a loan insurance to guarantee it. In fact, although it is not legally necessary to guarantee an immo loan with death and disability insurance, banks and other lending institutions routinely condition the granting of a home loan by taking out this insurance.
Medical examinations: the nicotine test
You may have to undergo a nicotine test . Know that a loan insurance from a non-smoker is much cheaper than that of a smoker. The results of this test will have a real impact on the cost of your insurance and therefore on the total cost of your mortgage.
To pay as little as possible for your insurance, do not forget to play the competition between insurers using a comparator insurance loan or by using a broker who will find insurance that does not take into account your profile Smoker to calculate the cost of your insurance!
The medical questionnaire
In order to assess the risks you represent and then make a proposal for insurance, insurers will ask you to complete a medical questionnaire. It is important that you complete this health questionnaire accurately and honestly, so that you do not have any unpleasant surprises later about assuming the insurer’s repayment of the loan in the event of a claim. Also, you may be required to submit to certain medical examinations.
Delegation of insurance
Since September 1, 2010, date of implementation of the Lagarde law, borrowers are no longer obliged to guarantee their loan with the group insurance that is offered to them by the bank because they are entitled to subscribe freely. insurance of their choice from an insurer external to the lender. This is called a delegation of insurance.