The number of people looking for cancer insurance quotes is growing fast. After all, this type of policy can be a financial lifesaver should you ever hear a doctor utter the words "You have cancer." As a result, it's little surprise that so many are shopping for cancer insurance quotes to help meet their needs in that situation. Before you choose the right policy for you, though, there are several things you may want to think about.
Types of Policies
With so many different companies offering cancer insurance quotes, it's important to remember that you have to compare apples to apples. There are three main types of policies you'll be choosing from. A first diagnosis policy offers you a lump sum of cash as soon as you're diagnosed with the illness. An expense-incurred policy pays you a percentage of what you pay out of pocket for your medical expenses. There is a maximum amount that this policy will pay out. An indemnity policy compensates you based on a benefits schedule. Looking at the type of policy that might be right for you before you start shopping for cancer insurance quotes is an absolute must.
What's Actually Covered
In addition to the different types of policies, it's important to note that different benefits are covered under each policy, which is certainly something to consider before you go shopping for cancer insurance quotes. Depending on the type of policy, you may be able to cover your medical expenses, extended nursing care, and various treatment options. In some cases, you can have your travel expenses to and from your treatments covered. In some cancer insurance quotes, the company will note that some types of cancer aren't covered. Skin cancer is often one of these. You'll need to know what the policy does and doesn't cover in the event you're ever diagnosed with this serious condition.
Look over the details closely
Before you begin looking at cancer insurance quotes and deciding which policy to get, you'll need to review the details carefully. Look at the coverage dates based on your application date. You may also want to investigate whether you end up with reduced benefits during the first days of the policy. Some policies have a waiting period of up to 90 days. Some offer a fraction of the benefits during those first three months, too. So, before you sign on that dotted line, talk to the companies offering you cancer insurance quotes, and find out those details.