Trauma Insurance
Trauma Insurance
Trauma insurance pays a lump sum in the event that you suffer a major injury or illness such as heart attack, stroke or cancer.
This type of cover is designed to help you cover medical expenses associated with the trauma and other costs that your family may be exposed to,
Trauma coverage can assist with the following expenses:
- The Cost Of Therapies
- Nursing Care
- Specialised Transportation
- Home Modifications
- Out Of Pocket Medical Expenses
- Living Expenses
- Paying Debt Or Loans
It is often be combined with Life and/or TPD cover at a discounted price.
Trauma insurance fills in the gap between life insurance, TPD insurance and income protection insurance.
For example, an insured person who suffers a mild stroke and is able to return to work after 3 months would not be able to claim under their life insurance or TPD and may not be able to claim under their income protection policy.
Not sure what type of insurance you need?
Not sure what is involved or not sure of the cost?
Book a call and we can show you how easy it is to get the right insurance covers in place.
Critical Illness Insurance
Trauma insurance, often known as “critical illness” or “recovery insurance,”
It is designed to provide a lump sum payment in the event that you experience a major illness or accident. This includes illnesses including cancer, heart disease, severe concussion, or stroke.
Mental health issues are not covered by trauma insurance.
Medical terminology and what is covered by a trauma insurance coverage can vary depending on the insurer.
That’s why you should seek advice from Insurance Matters QLD for advice on this or any other type of insurance.
