What does a limited risk policy provide coverage for?

A limited risk policy is specifically designed to provide coverage for certain specified accidents or diseases rather than offering comprehensive health coverage. This type of policy typically targets particular risks that the insurer is willing to cover, which can include conditions like specific diseases or injuries that are defined in the policy.

Limited risk policies are characterized by the fact that they do not cover all forms of illness or medical expenses. Thus, they would not adequately address options that imply broad coverage like general medical expenses or every form of illness. Similarly, while they can be related to crises, they do not focus solely on critical illnesses. Instead, they find their niche by focusing on a limited number of high-risk situations or conditions, making them ideal for individuals who seek a more focused approach to health insurance. This makes these policies a valuable choice for those who wish to protect themselves against specific risks without the expense of comprehensive coverage.