Find the Best Trauma Insurance Quotes from our Panel of Insurers
Have you thought about how you’d meet your financial obligations if you were critically injured or became seriously ill? It’s an important question to ask yourself. If you’re unable to work for a prolonged period, trauma insurance can give peace of mind that your family will be looked after. This could be due to a serious injury or critical illness. Getting a trauma insurance quote could be the best thing you do.
What is Trauma Insurance?
You might have heard of trauma insurance before. It’s sometimes called critical illness insurance, and it’s becoming more and more popular. With serious illness like cancer, strokes and heart disease becoming more common, so is trauma insurance.
Health insurance can cover medical expenses if you’re seriously ill, but what about lost income? Or other expenses not covered by private health? When a serious illness strikes, the cost to families can be severe, not to mention the emotional toll. Trauma insurance can at least give you peace of mind about financial matters.
First of all, your trauma insurance quote will vary depending on age, gender, lifestyle and medical history. The amount of cover you want will also dictate the premium amount. Before worrying about the cost though, think about the cost if you were critically injured.
Many serious illnesses are curable. But what if it doesn’t happen quickly? You could need several months away from work, and most people’s personal leave won’t cover that. The bills are still piling up though, not to mention the additional costs associated with treatment. Getting a trauma insurance quote can put an end to all that worry.
Do Trauma Insurance Quotes Cover Everything?
Most trauma insurance policies will cover a huge range of conditions.
As a starting point, here’s some of the more common conditions people are using trauma insurance for:
- Heart attacks/heart conditions
- Cancer
- Strokes
- Nervous system conditions
- Intensive Care admissions
- Alzheimers/Dementia
- Liver, kidney and lung diseases
- Paralysis
We recommend checking your insurer’s products disclosure statement. Every policy will be slightly different. The list above contains just some of the main conditions covered.
Many of these conditions require a long recovery period. They can also result in a range of different expenses you never expected, even if private health covers medical expenses. At least if you’ve obtained a good trauma insurance quote, you can take away the financial stresses and recover in your own time.
How is a Trauma Insurance Benefit Paid?
The short answer – a lump sum benefit. This gives you the freedom to use it however you think is best. We love to have a positive outlook, however the fact is that not everybody recovers. While there’s other types of life insurance out there to cover the worst, it’s always wise to think carefully about how trauma benefits are spent.
Sometimes it may not just be about managing daily expenses, but it could help to cover larger, more permanent costs like mortgages or loans. This way, if you’re unable to return to work, your family is protected.
Here’s a few ways you could spend a trauma insurance benefit.
- Utilities, food, rent – ongoing living costs
- Mortgage payments
- Car loans
- Personal loans or credit card debts
- Medical expenses
- Rehabilitation costs
- Education expenses
It’s up to you and your family how you spend the payment. With that in mind, there’s a couple of other insurance types you may want to consider in addition to trauma insurance. Keep reading, and we’ll give you some information on other insurance types that could help you out.
Are There Other Kinds of Insurance?
You always want to look at the best-case scenario if you’re seriously injured or become critically ill. For many, that will be a full recovery and a return to work. When it happens like that, trauma insurance is all you need to keep your head above water.
But what if things don’t work like that? What if you can’t work again? Or even worse? Here’s some other insurance that may help.
Income Protection
When you get a trauma insurance quote, why not look into income protection too? If you’re injured, seriously ill and unable to work for a period, income protection is a great help. You would receive up to 75% of your normal income. While most people would struggle to live on only 75% of their income, it’s still a huge benefit to your family if you can’t work. You’ll be well looked after if you combine this with lump sum trauma insurance.
Total Permanent Disablement (TPD) Insurance
TPD cover looks after you if the situation takes a turn for the worse. If you’re not expected to recover (or at least not enough to work again), you’ll want TPD insurance. You could use it for a range of things like the mortgage, children’s school fees, or clearing your family’s debts because it is a lump sum.
I’ve Got Private Health Cover – Do I Still Need A Trauma Insurance Quote?
Your private health cover takes care of the main medical expenses, but a serious illness or injury can have further financial implications. Lack of income from being unable to work can be a big issue, and trauma insurance can help with that.
There may even be other things to consider. You might need to make some mobility alterations to your home. Furthermore, you may need to fly a relative in to care for you. All of these things are costly, and won’t be covered by private health insurance. So, the answer is yes – you may still need a trauma insurance quote even if you have private health cover.
Where Do I Find the Best Trauma Insurance Quotes?
You don’t need to go anywhere! Stay right here with Billy Explores, and he can find you the best trauma insurance quote from our panel of Insurers. If you want to a trauma insurance quote that’s going to suit your needs and be easy on your wallet, let Billy Explores compare deals today.
