Help CentreNavigating TPD Insurance with Pre-existing Conditions
Total and Permanent Disability (TPD) insurance is a financial safety net when a severe illness or injury prevents you from working. A critical aspect to consider is how pre-existing conditions might impact your TPD claim eligibility.
The Role of Pre-existing Conditions in TPD Claims
A pre-existing condition refers to any health issue, injury, or illness that existed or was known (or reasonably should have been known) before you secured your insurance policy.
Influence of Pre-existing Conditions on TPD Claims
Your insurance policy's specific terms dictate the impact of a pre-existing condition on your TPD claim. Policies may vary in their approach to pre-existing conditions, affecting your claim in the following ways:
- Policy Exclusions: Some TPD policies explicitly exclude pre-existing conditions. If your policy includes such exclusions, claims related to these conditions are typically not permissible.
- Adjusted Premiums: Policies covering pre-existing conditions might require higher premiums, reflecting the increased risk to the insurer.
- Disclosure Obligations: When applying for TPD insurance, disclosing known pre-existing conditions is generally mandatory. Non-disclosure could lead to claim denial or policy cancellation.
Expert Guidance for TPD Claims Involving Pre-existing Conditions
The intricacies of how pre-existing conditions affect TPD claims can be challenging to navigate, given the diversity of insurance policies and their distinct clauses.
For professional advice and to evaluate the prospects of your claim, contact Claimsplus Lawyers. Our team is prepared to assist you in determining your TPD claim's feasibility and potential value.
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