Whenever any danger occurs, insurance companies are adjusting to it creating various offers for their clients. The advent of coronavirus also inspired many such companies to create their programmes of insurance. As you can imagine, this is a relatively new type of insurance so there are many various offers of different companies. If you are thinking about using one of such offers or you are just interested in finding more information on the topic, you might find this article useful.
What is the purpose of insurance against coronavirus?
The very first question you might have is the reason to get such insurance in the first place. Obviously, the idea of insurance is paying a relatively small amount of money right away in order to avoid paying a greater sum later. Still, there is no guarantee such a moment will happen. It might turn out a person will never get into a trouble because of coronavirus, but there are also equal chances something serious may happen. Since there is no way to predict all of the problems which might happen in the future, you can try to protect yourself from the problems which can be solved financially with the help of appropriate insurance.
Standard situations related to coronavirus covered by a typical insurance programme
As you have just learnt, the variety of offers when it comes to the insurance programmes against coronavirus is significant which gives a lot of options to choose from but, at the same time, makes it challenging to make a right choice.
Still, there are several situations which are present in any insurance programme no matter whether it is very basic or is pretty extended.
The diagnosis of coronavirus
First of all, insurance against coronavirus will give you an opportunity to receive money for the mere fact of getting ill with this notorious virus. Usually, in order to receive a payment for the diagnosis of coronavirus, you will just need to have the results of the PCR test and an official diagnosis made by a doctor. At the same time, the majority of companies are not taking into consideration the severity of an infection and the medical leave.
Still, you should be aware of the fact, many companies will offer you such a payment if only it would be the first case of being diagnosed with coronavirus. Usually, the whole sum of money will be paid to a person at a time.
Hospitalisation for treatment
The next payment a person can count on in the case of getting ill with coronavirus is for the hospitalisation. Obviously, the money one can get for each day spent in hospital depends on the company, however, there is also another crucial difference between offers. It is the time of staying in hospital which will be covered by an insurance company.
This period can differ a lot. So far, most of the companies have been offering periods starting from 21 days up to 90 days.
Medical leave related to coronavirus
Certainly, not all of the people ill with coronavirus are getting into a hospital. Many of them just stay at home. In order to get more money for a medical leave caused by such an infection, one can choose an insurance programme. Again, in such a case not only the amount of money paid for every day of absence at work may differ, but also the number of days covered by an insurance programme.
Death as a result of a coronavirus infection
Unfortunately, this outcome of a coronavirus infection is not thus rare and it can happen to people who seem to be out of a risk group as well. In fact, this point of an insurance programme is working as a life insurance. If such a tragic situation takes place, relatives will be able to receive a sum of money which is specific for every insurance company.
It is crucial to understand that in such a case the payment will be given exactly for the death caused by coronavirus, so it has to be officially stated. In case of the majority of insurance companies, this means the death has to be caused by an illness of the organs of breathing while coronavirus has to be necessarily diagnosed. At the same time, many companies will not treat any other problems as the death because of coronavirus. For instance, having a heart attack while being ill with coronavirus will not count. In some cases it might actually be a problem, as it is now know coronavirus can cause problems with different organs.