Business & Finance Business Insurance

Meaning Of Temporary Insurance

Even people can feel insecure in some point of time. So it is better to keep oneself insured against any sort of problem. Insurance are generally of different types general or health; temporary or short-term or long-term.

But whatever may the form of insurance be, it is always beneficial. So it is always advisable to keep an insurance policy ready to prevent oneself from any unforeseen difficulties.

But if sometimes people dont have insurance coverage for themselves in some cases temporary insurance is a boon for such people. The temporary insurance is such a type of its own which can be purchased to get treatment when people find themselves helpless.

Such insurance is better to be called as interim reparation because it acts as the intermediary between long-term and short-term insurance. The time phase of such insurance may vary between one month to twelve months as per the terms and conditions of the company may exist.

One has to contact an insurance dealer for the purchase of the insurance. Many factors determine the insurance. Some of them are the age of the applicant, his medical conditions, and tests for medical approval are important, the places and surroundings where he lives; the tenure of the insurance etc.

Such insurance are beneficial for parents of newborns; people who have left one job for another but find COBRA policy of previous company unaffordable; those who have left job temporarily for further studies; waiting for the time consuming health insurance etc;

The price of the policy depends on some factors like for how many people is the insurance being taken i.e., whether it is for sole purpose or family members are also included in the policy, in such case it becomes a bit expensive. Also the people addicted towards tobacco or alcohol or any other drugs has to pay an increased premium.

This sort of insurance also demands a deductible amount which means that a certain amount of dollars is required to be paid before the insurance claim is received.Temporay health insurance is also covered here which includes health checks, surgical procedure, doctors fees etc.

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