USED RECREATIONAL DRUGS IN THE PAST? HOW WILL THIS AFFECT YOUR INSURANCE APPLICATION?!?! (2018)
Channel: Craig Bigelow
Date: 2018-07-13

Have you used recreational drugs? According to a UN study, 40% of Australians have tried recreational drugs but how will this affect any insurance applications.

Disclosing that you have used recreational drugs in the past can be quite confronting. In this video, I will explain the 5 key things you need to know about how this will affect your insurance application

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▼▽ VIDEO NOTES:

A recent UN study in the use of recreational drugs showed that 40% of Australians had used recreational drugs at some point in the past.

With such a large percentage of people having tried recreational drugs, it is essential to understand how the insurance companies would treat your insurance application if you are one of the 40%.

Firstly, I discuss the duty of disclosure that applies to your insurance application. This is a fancy word for needing you to be honest with your answer to any insurance applications.

Secondly, there are three different levels or classes of drugs in the eyes of the insurance company. Each type of drug has a different potential outcome.

Thirdly, I share with you how each of these classes is assessed, the key things the insurance companies will ask, the way that they will determine your overall medical position and the 3 scenarios in which they will come back to you with a decision.

Fourthly, I will let you inside how the insurance companies check up on you at claim time. I will also share with you the way you can access all the information that is listed on file for your medical records.

Lastly, I will share with you the implications for you if you have not been honest with the insurance company and what will happen to your claim.

▼▽ REFERENCES MENTIONED:

Department of human services - https://www.humanservices.gov.au/individuals/services/medicare/medicare-online-accounts#whatyoucando
MyGov - https://my.gov.au/LoginServices/main/login?execution=e2s1

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Website - https://www.craigbigelow.com.au/home-test/

https://youtu.be/-3ddL33oAmM

▼▽ IMPORTANT LEGAL INFO:

Any advice in this publication is of a general nature only and has not been tailored to your personal circumstances. Please seek personal advice prior to acting on this information.