Coverage for Disability without Sickness Coverage - Full Details
Disability insurance (DI) is an essential type of coverage that many people overlook. One in four individuals is likely to experience work disability at some point in their lives, making DI a crucial safety net.
The coverage for work disability is generally low and only applies if the person is unable to regularly practice any profession. However, there are insurance companies that offer simplified or no health checks for disability or accident insurance. Some of these include Basler Gold, Askuma Sorgenfrei plus, VHV, Münchener Verein, and Stuttgarter. VHV, for instance, provides no health examination and good conditions, especially for people with diabetes.
The severity and duration of a pre-existing mental illness play a significant role in determining the risk and potential costs of disability insurance. While it is possible to obtain a DI with pre-existing conditions, the disease and the respective insurance company are crucial factors. Certain diseases, such as AIDS, herniated disc, chronic bronchitis, epilepsy, cancer, multiple sclerosis, mental illness, significantly elevated cholesterol level, and severe neurodermatitis, can lead to rejection, risk surcharges, or exclusion of benefits in disability insurance. On the other hand, mild conditions like appendectomy, gallstones, slight myopia, hemorrhoids, cat hair allergy, mild migraine, slight overweight, tonsillectomy, and muscle fiber tear do not typically lead to rejection, risk surcharges, or exclusion of benefits.
Honest and accurate answers to health questions are essential to avoid payment refusal in case of disability. Information about profession and hobbies is also required during the application process for DI.
Some insurers offer a simplified health check with restrictions on insurance benefits. For example, the Stuttgarter provides affordable accident insurance without health checks via Unfalltarif 24 der Sachpool.
For students, DI can be beneficial to cover future physically or mentally demanding professions. Mental illnesses and nervous diseases are the most common causes of work disability, accounting for almost 36%. It may be more challenging to secure DI with pre-existing mental illnesses, but options include full insurance without restrictions, certain services being excluded, the insured paying a risk surcharge, or the insurer completely rejecting the insurance.
In cases where an individual is denied disability insurance due to health reasons, a private disability insurance can serve as an alternative. However, it offers less coverage and only pays out if the individual is so ill that they cannot work at all, regardless of their occupation.
In conclusion, understanding the intricacies of disability insurance is crucial for securing the right coverage. Honesty, accuracy, and thoroughness in answering health questions, as well as being aware of the conditions that may lead to rejection, risk surcharges, or exclusion of benefits, can help ensure a smooth application process.
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