How much insurance be affected if the applicant has a dangerous job? The application could be denied. The premiums could be higher. The applicant might need a special policy. All of the options are possible.
All of the given options are possible when an applicant has a dangerous job.
1. The application could be denied: Insurance companies may choose to deny coverage to applicants with dangerous occupations as they perceive them to have a higher risk of injury or death. This is particularly true if the job presents extreme hazards or a high risk of accidents.
2. The premiums could be higher: If the insurance company decides to cover an applicant with a dangerous job, they will likely increase the premiums to compensate for the higher risk involved. The higher cost is due to the increased probability of a claim being made.
3. The applicant might need a special policy: In some cases, individuals with dangerous occupations may require specialized insurance policies that are specifically designed for their type of work. These policies may have different terms, conditions, and coverages tailored to address the unique risks associated with their job.
Therefore, depending on the insurer's underwriting policies, the specific nature of the job and the associated risks, any of these outcomes – denial, higher premiums, or the need for specialized policies – are possible when applying for insurance.