Top 10 Tips for Saving Money on Trauma Insurance

Top Tips for getting Trauma Insurance!

  1. If medicals are required when applying for your Trauma Insurance policy then establish upfront whether the Insurer of you are covering the cost of those tests.
  2. Some insurers offer Trauma Insurance policies that cover either a specific condition (i.e cancer only) so this may be something to look at if you are susceptible to a certain illness.
  3. If you have had a major illness in the past many Trauma Insurance Providers will exclude that condition from your policy still enabling you to get coverage for other conditions.
  4. If you are declined by one provider, simply try another – Trauma Insurance providers aren’t all the same and some see different medical conditions as different risks.  Always tell the truth when applying, but don’t be afraid to try the next company on your list if you are declined by a particular insurance company.
  5. As always make sure you contact several Trauma Insurance providers to obtain as many quotes as possible.  Like shopping around for anything make competitors compete for your business.
  6. Always ask a lot of questions – you need to understand exactly what details each Trauma Insurance policy covers and the conditions of each policy such as cut off ages, when the premiums increase etc
  7. Ask about available discounts – some providers may not offer them but you won’t know if you don’t ask.
  8. Read the key points in the Trauma Insurance PDS (Product Disclosure Statement) and your Trauma Insurance policy documentation when it arrives.
  9. Ask about commissions made by either brokers or Trauma Insurance sales representatives.  If they are making ridiculously high commissions then are you paying too much for your policy?
  10. If you need a hand or have further questions, get in touch with the team at Insurancepoint.