Disability Insurance Articles
Getting Disability Insurance Quotes After A Previous Accident
2010-11-26
Disability insurance is a type of insurance that protects the insured against loss of income due to a sickness, disease, or injury that prevents the insured from returning to work. This coverage is available in several forms: sick leave, short term disability, and long term disability. Obviously, if a person is unable to work, they cannot earn funds to pay for bills, debts, and everyday expenses. This can further lead to heavy financial burdens and possibly bankruptcy. This is why it is important to obtain disability insurance quotes as soon as you secure a job. Many employees wonder how disability insurance comes into play if they have suffered a previous accident.
Insurance companies review a series of questions before providing disability benefits. They need to know if the disability was sudden or accidental and not as a result of a pre-existing illness. They will also check to see if the injury or illness happened while the person was on the job. The type of disability insurance will depend on if the person is partially or totally disabled. A person who is partially disabled may be able to return to work and may qualify for short term disability while they are recovering.
If a person has suffered an injury in a previous accident, then an insurance company may take one of several actions. The injury or illness may be excluded from coverage. This means that the insured can claim for disability benefits for any other reason except one relating to the pre-existing condition. If they do choose to offer disability insurance, then there may be a longer waiting period assessed. This can often discourage people from claiming for benefits as they would have to wait for an extended period of time before receiving any payments.
Depending on the severity of the previous injury, there are some instances where the insurance company will allow coverage. They may investigate to see how long ago the accident occurred and whether the applicant has been receiving any regular treatments or medications for the condition. If there are no foreseeable issues or problems relating to the condition, then the insurance company may disregard the accident completely, allowing full allowable benefits in case the insured is injured again.
If you are shopping around for disability insurance quotes and you have suffered injuries in a previous accident, then you need to be upfront and honest about the situation. If you have a pre-existing injury and it becomes aggravated, preventing you from working, then your insurance company will review your medical records. If they find that you have suffered a previous injury, there is a chance that they may not provide coverage.