Trauma Insurance
Trauma insurance pays a lump sum if you suffer a specified medically diagnosed condition as defined in your policy.
A trauma insurance claim payment can be spent as you see fit, however most people use the funds to pay for:
- Medical costs
- Living expenses
- Home modifications
Trauma Cover Features
Trauma insurance policies in Australia can vary greatly due to the differing definitions of medical conditions and diseases.
Each definition outlines the parameters of what medical event can be claimed on. For this reason it is imperative you understand what is, and what is not covered by your trauma insurance policy.
In the least, you will want a policy which offers comprehensive coverage for the top four claimed medical conditions, which include:
- Heart attack
- Heart disease
- Stroke
- Cancer
To better understand the trauma insurance definitions in any particular policy you can speak to any of our financial advisers who can help you find a policy with the best level of coverage for your situation.
Trauma ‘Plus’ Option vs Basic Cover
Many Australian insurers offer a trauma insurance ‘plus’ option which covers more conditions and diseases, and may also increase the breadth of coverage for existing conditions in their basic policy.
Depending on your needs and situation a plus option may suit your needs. If this is something that interests you please speak to one of our financial advisers.
Trauma Insurance Quotes
If you would like us to compare trauma insurance quotes, simply contact us on 1300 882 762 and one of our advisers can analyse your situation and find a policy best suited to your needs.
