What does an insurance company do about pre-existing conditions the insured didn’t tell them about, or the insured actually didn’t know about, but, the company discovers after the policy gets issued?
If the insured lied, and the company learns that the insured lied, the coverage will be canceled and all claims will be refused – including even the legitimate claims. b) If the insured seeks treatment for a pre-existing condition the insured was most likely unaware of, the condition wont be covered, but the coverage will continue. That said, the good news is that the insurance companies are faced with a time-limit for finding and excluding pre-existing conditions that they haven’t already found and excluded. Insurance companies have up to 24 months to find and exclude any pre-existing conditions you might have. Any pre-existing conditions that haven’t been found and excluded within the first 24 months the policy has been in force can no longer be excluded from coverage. One of the biggest fears insurance companies have to face with each insurance application is that the applicant is taking out the insurance policy to cover a major medical expense that the applicant is expecting to inc
