Does EOI (Evidence of Insurability) Count As Proof of Insurance for Home Insurance?

Do you know what EOI is? EOI stands for Evidence of Insurability, and it’s a document that insurers use in order to determine if you’re eligible for certain types of insurance policies. Generally, this applies to health insurance and life insurance. Let’s explore EOI and when you might expect to need the document to show that you are eligible for the coverage you’re asking for.

What is evidence of insurability?

EOI forms typically ask for healthcare information. This information can include the individual’s health information as well as information about their family’s health. When individuals first see one of these documents, they are often surprised and confused. It’s primarily used to determine if someone is eligible for health insurance and/or life insurance. The document contains a lot of questions about the individual’s health, and the answers may or may not have to be backed up with documentation from a doctor.

What questions are asked on an EOI form?

EOI forms will typically ask your age, birthdate, full name, address, height, weight and blood pressure. They will ask if you take any medications and if you have any current medical conditions. The form will also ask you if you’ve ever had any surgeries or procedures and to list those medical procedures and surgeries. These forms usually ask about your parents’ and siblings’ medical histories. Lastly, you will be asked about your lifestyle. For example, you’ll be asked if you smoke, drink or use drugs and how often you exercise or your activity levels.

If an EOI form is required in order to get a specific type of insurance, it’s very important to be truthful. If you lie or make misleading statements, it could affect your insurance coverage down the road, even if you pay your premiums on time.

What types of insurance require EOI forms?

Under normal circumstances, EOI forms are only used for health-type insurance policies, like medical insurance, dental insurance, vision insurance, life insurance, critical illness insurance, long-term care insurance and accidental death and disability insurance.

When would an insurer require an EOI?

EOI forms are typically required when you first apply for the insurance policy. However, your insurer may request additional information if:

• You are requesting an increase in your current coverage.
• You are requesting a policy in excess of what’s typically granted for that type of policy.
• You decline coverage during your enrollment period but then decide that you want coverage after enrollment has ended.
• Your health insurance lapsed, and you need to have the policy reinstated.

Does homeowners insurance need an EOI form?

Getting a homeowners insurance policy does not typically involve an EOI form. Home insurance protects your house, the outbuildings on your property and your personal property. While the coverage may include liability insurance and medical payments insurance, those two coverages are to financially handle any costs associated with a non-resident getting injured at your home or having their property damaged.

What information does an insurer need in order to process my home insurance policy?

If you need to purchase a homeowners insurance policy for your Florida home, you need to have the following information when you call one of our insurance agents at Fearnow.

• You’ll need to have a list of everyone who lives in your home. This includes your spouse, children and any other people that use your home as their permanent residence.
• You’ll need to tell the insurance agent how long each of the individuals has lived at your home.
• You’ll need to tell your insurance agent if any businesses run out of your home.
• If you have existing coverage, you’ll need to have those documents ready. Our insurance agents will want to know who the insurance is through, the coverage dates and the coverage amounts.
• If you do not have an existing policy, you may need the details from your last policy as well as the date that the policy ended.
• You’ll need to tell the insurance agent if you’ve had any recent claims and what those claims were for.
• You’ll need to answer a few questions about your home, like when it was built, its current condition, and its size.
• Our insurance agents will want to know if you’ve made any improvements to the home or additions since you’ve owned it.
• If your home has any safety or security features, remember to mention those. This includes any alarm systems and cameras.

What document might I need to prove I have a homeowners insurance policy in Florida?

If you need to prove that you have homeowners insurance, you may need a Certificate of Insurance (COI). You can get a COI from your insurance company. The document includes your policy number, coverage amounts and the terms of your coverage.

Can I get home insurance with Fearnow in Florida?

You can get home insurance with Fearnow in Florida. Our agents would be happy to speak with you about your homeowners insurance needs and provide you with a quote. We also offer condo insurance, renters insurance, mobile home insurance and flood insurance. In addition to personal property insurance, we can also give you quotes for life insurance, health insurance, disability insurance and long-term care insurance.

To learn more about our home and health insurance policies, give us a call at 813-689-8878.