Multiple Health Insurance Policies: Things You Need To Be Careful About

Insurance 

It is important to have health insurance. While it is sensible to have one insurance policy, sometimes it is better to have multiple policies. 

Multiple Policies 

If one has more than one health insurance policy, it helps enhance the total coverage. For instance, if one policy covers the expenses of certain treatments, a second policy can help cover the remaining amount. 

How do multiple insurance policies work? 

Multiple insurance policies work well when one has both corporate and floater policy, as additional payment can be claimed from the retail policy.

Challenges 

The major challenge one faces is that coordinating claims between multiple insurers can be a complex affair.

Coverage 

Sometimes if the coverage overlaps, there might be a dispute over which insurer is liable. This can lead to a delay or even partial settlement of claims.

Claiming From Multiple Policies 

In order to claim for multiple policies, one needs to understand the policy in detail with each term and condition. The next step is to maintain documents and create multiple copies of it so that as soon as an event takes place, one can notify multiple insurers without delay.

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