If you struggle to get approved for medical health insurance, fixed indemnity insurance may be a good solution. It can also act as a supplement to major medical insurance to help cover specific illnesses and injuries.
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What Is Indemnity Insurance? How It Works and ExamplesProfessional indemnity claims - AXA Business InsuranceBe Aware that Professional Indemnity Insurance is a Claims Made PolicyWhat happens if you cannot renew your professional indemnity insuranceFixed indemnity insurance comes with no deductible and will make a fixed payment to you if you suffer from the injury or illness covered by the policy. It doesn’t cover prescription drugs and typically won’t work for those with pre-existing conditions.
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What is the difference between Professional Indemnity Insurance and Public Liability insurance?Coverage is not guaranteed and there will be limits, which vary from one plan to another.
While fixed indemnity insurance may be a good add-on for you, it’s always a good idea to ensure you have major medical health coverage first.
