There is no lie. The stomach issue is a non-story. I would be shocked if this 'omission' raised any flags. The point is to not hold up the house purchase, whether there would be a question mark over a future payout is not relevant to that. Once the house purchase is complete they could return to the insurance company to clarify the non-issue, if desired.Pointless lying to insurance companies, they will investigate, their aim in life is not to pay out if possible.
My concern would be that the bank would use the excuse of no insurance to withdraw the mortgage offer.The bank waiver will solve the problem of the immediate need to draw down, that would be the better option. One of the boxes on the waivers is specifically for when a policy is postponed or declined which covers this applicant.
Yes.And if we choose to go with this plan, god forbid anything were to happen in 5 years time, would the second insurance company (the new one in 3 months that we disclose everything to) pay out
There is no lie. The stomach issue is a non-story. I would be shocked if this 'omission' raised any flags. The point is to not hold up the house purchase, whether there would be a question mark over a future payout is not relevant to that. Once the house purchase is complete they could return to the insurance company to clarify the non-issue, if desired.
Back to the OP, you cannot ask people whether it is a good idea to lie to an insurance company and risk voiding a policy. You know it is the wrong thing to do. If you want to lie to them, just do it but don't go telling people about
I was basically assessing the risk, trying to solve a short term problem which is getting a mortgage over the line.
I then wish to correct the problem in the near future and was again, only getting information to make sure that's possible...
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