Simply put, my super has this cover for me, but it covers up to 2 years max.
A financial advisor has helped me apply for cover beyond the 2 year period. However through all the questionnaire I have done regarding health etc. They have come back with exceptions.
This is where my unknowns is, there's about 3 exceptions put out, one relating to lower back, as I had mentioned in the past I have had some lower back strain before, but they obviously noted it and mentioned this is an exception, i.e. any diseases or illness relating to lower back and muscular areas isn't covered. Is this very broad? I mean I am worried that if unlucky I injure my upper back or something else they'll end up twisting it to relate back to the lower back as being the cause. Knowing insurance companies they would be king of assholes to be doing that.
Another one was relating to a cyst on my wrist which has no impact on anything and is just liquid, but an exception put in place, again if I injure my arm or twisted my wrist, would attribute it to this?
Lastly flat feet (plantar fasc…. can't spell the rest), again what could they spin up to dodge anything else regarding this condition?
I am unsure if I should accept this policy with these exceptions.
If this isn't the best place to ask, feel free to link me to a dedicated forum that's reputable in this area.
Thanks everyone
Hi OP,
I work in the industry - exclusions are usually placed on existing conditions otherwise you'd be slapped with a loading. As the insurer is entering into an indefinite contract with you from their end they need to think what may arise off this in 10, 20 or 30 years.
It also depends on your occupation. Someone working retail may be off work due to a bad back but an office worker not soo much.
If you feel it's unjust don't accept the terms or ask for a review. At the end of the day the insurer may not have had enough information to properly understand your circumstances.