Outcomes and decisions
If it has been deducted that there is a higher risk in insuring you, the underwriter may offer a loading or exclusion to your application. A loading will result in a higher premium than originally quoted, and exclusion’s will mean that, though cover has been offered you will not be covered for a specific condition (perhaps you have an existing back injury, severe asthma or diabetes).
It is important to keep in mind that the underwriters will do whatever they can to provide you with insurance, though the increase risk needs to be taken into consideration (hence loadings and exclusions as opposed to complete decline’s). As much information is always obtained to gain a full understanding of your situation and policies are never put into force without the applicant agreeing to the altered terms offered.