As a circus professional, securing a home loan can be more complex depending on the exact nature of your job. Insurance companies tend to penalize risky trades. Don’t worry, however, it is still possible to find borrower insurance for circus professionals. Insurers specializing in high-risk professions help you bring your real estate project to life.
Borrower and circus professional insurance
Whether you are a circus professional or an office worker, the bank will ask you to take out borrower insurance . This insurance is a set of guarantees (death, disability , interruption of work, even loss of employment) which allows you to be covered when you are no longer able to assume your mortgage. Borrower insurance takes over and reimburses the monthly payments to the bank for you.
If this mortgage credit insurance is essential, the fact of exercising a risky profession is a real difficulty. Insurance companies can refuse to insure you if they consider the risk to be too great. They also have the possibility of asking you for higher guarantees, of increasing the amount of the insurance premium or of applying exclusions.
Why is being a circus professional considered a risky job?
When you work in a circus, you are considered to be practicing a risky profession . However, the level of risk is not the same for all circus professionals . Today, wild animals are prohibited in circuses, the profession of lion tamer has disappeared. It was indeed a risky job.
A clown who has come to make children laugh presents less risk than a tightrope walker, a contortionist or a trapeze artist.
A risky job , for borrower insurance, is a job where the risk of accident or death is higher. In the case of a tightrope walker or a trapeze artist, the risk of falling is high enough that this poses a concern when taking out mortgage loan insurance.
What questions can you be asked as a circus professional?
First, you must answer a medical questionnaire that allows the insurance company to assess your state of health. Ultimately , the goal is to determine the risk that you will not repay your mortgage until the end because of fragile health.
For a circus professional looking for borrower insurance , another questionnaire may be necessary in order to better understand the risks linked, this time, to your profession. Different questions can be asked:
- What is your exact profession (clown, trapeze artist, etc.)?
- Do you work at height?
- Do you carry heavy loads?
- How much time do you spend on the roads each year?
- Are you traveling outside of France?
It is the answers to these different questions that will help the insurer to estimate the risk of death or accident related to your profession and to make a decision:
- Offer you normal borrower insurance
- Charge you a premium
- Apply exclusions
- Refuse to insure.
What solution if you are refused loan insurance?
If your bank’s insurer refuses to insure you, know that the Lagarde law is on your side. The mortgage loan insurance delegation allows you to choose the organization with which you take out your contract. Also, you have the possibility of studying competing offers to find an insurance company that agrees to insure you and offer you guarantees adapted to your profession.
Be aware that as a circus professional, you could find an insurer specializing in high-risk trades.
How to choose the best borrower insurance for a circus professional?
With lesfurets, compare the offers of different insurance companies to take out borrower insurance suitable for circus professionals. Our home loan insurance comparator is a free, simple and fast solution that allows you to have a more global vision to find the contract best suited to your risk profile, both in terms of guarantees and price.