Majority of insurance companies will assess your eligibility to get insurance based on your health and your occupation. Thus, if you demonstrate that you have had heart problems in the past, or are working in a coal mine, for example, there's a possibility of the insurance company rejecting your application. This is an unfortunate situation, however, there may still be other options available to you, as we will discuss in the following paragraphs. These include:
If you have a history of poor health or are working in hazardous conditions, you might be able to skip the medical exams and be eligible for insurance right away. This of course depends on the insurance company, as some may not offer this option. This is dependent upon the both the type of cover that you take out, and the amount of cover you require. Whilst not easy to get, with the right help you may still be able to get covered.
Heart problems, being one of the biggest killers all over the world, are often excluded from trauma insurance coverage. However, you may still get coverage for conditions such as major burns, cancer, and multiple sclerosis. Your actual coverage may depend on your specific condition and the company from which you obtain your insurance.
We have shown you that you may still have insurance options if you have a pre-existing medical condition or are working in a hazardous environment. However, you must take note that the insurance company could charge you heavy premiums due to your situation. Don't take this as profiteering or being cruel on their part. It only makes sense for them to charge higher premiums as the costs of your treatment and the potential length of your recovery may be higher and longer and thus costlier than regular individuals. All in all, it is a win-win situation for both of you. They get enough funds to cover you and make a little profit, while you get peace of mind that you will still be covered no matter what happens to you.
With all the insurance options available to you, it can get quite confusing which one is right for you. Some may have competitive rates, but not the coverage that you need. Others, meanwhile, are too expensive that it becomes impractical applying for them. At Rate Detective, our professional advisors are ready to provide you with quotes that are tailor-fit to your needs. They will also help you compare quotes from Australia's top 9 insurance companies, ensuring that you get the best deal that you deserve.