What is Trauma Insurance? Trauma Insurance pays out a selected lump sum amount upon the diagnosis or occurrence of certain traumatic events such as a heart attack, stroke, cancer, major burns or head trauma’s and the like. It can also go by the name of Critical Illness cover and Crisis cover.
Why do most personal type insurance companies have this kind of cover available? Trauma insurance really does have a place in the market as it fits right in with the whole idea of personal insurance, that of protecting an individual, family or business when they need it most.
What makes a good Trauma cover? Covers vary greatly from covering only a handful of conditions to those that cover over 50. The policy wording, and thus claim payment, varies a lot with some recognizing a heart attack or cancer as a full payment, whereas a different policy may require that the said event was more ‘severe’ in order to receive the full payment. This is where it is important that you have an insurance adviser that you can trust to do what is best for you and not merely the quickest and easiest sale.
Who should have Trauma cover? In short, everyone who needs a helping hand when a traumatic event happens. The money can pay bills, pay off debt, purchase alternative medical treatments to aid in recovery – whatever you want or need.
How do I get cover? Our advice is to get the correct amount and the most comprehensive you can and from a trustworthy company. At Risk Solutions, we can help in getting you the best cover for your needs.
