It’s your worst nightmare. You’re trying to get insurance and the company has rated you uninsurable. While this does not happen to everybody, you are definitely not alone. Therefore, as far as what to do when rated uninsurable, there is quite a bit of advice available for you to take. This does not mean that you will not be able to get any health insurance. In fact, in most cases, you will still be able to get some form of health insurance. However, there are a few downfalls.
First of all, when you are rated uninsured, this means that the insurance company believes that you are too much of a risk to insure normally. This means that the insurance company is not likely to take the risk that they are going to have to pay out money on your case, since there is a good chance that they actually will in the future. The result of this situation is that you will have to pay a much higher premium.
If you have been rated uninsurable, that does not mean that you automatically have to accept and pay the much higher premium that you are offered. In fact, you can instead end up paying almost the same amount. What to do when rated uninsurable? Check another insurance company. There is always a chance that you’ll be able to find an insurance company that either will not rate you as uninsurable, or that will give you a better rate. Just like shopping for any type of insurance, you should make sure that you look at the different rates and coverage plans that are still available for you and pick the one that is best.
If you have not been officially turned down or rated uninsurable yet, then you should try asking whether or not there is a chance that you would be turned down. Some insurance companies allow you to submit test applications. These are essentially pre-applications for your insurance. They will allow you to test out the company and see whether or not there’s a chance that you could be insured there normally. You can use this method to avoid being rated uninsured while you shop around for insurance policies.