Definition of Without Evidence of Insurability

Without evidence of insurability is an ability to apply for an insurance policy without a requirement to submit a medical report. There are insurance plans which do not require medical reports and examinations of insured person. If coverage limits are low then, an insurance organization may approve insurance without proof of insurability.

Explanation of Without Evidence of Insurability

It is basically an individual’s or group’s ability to apply for an insurance without submitting a medical report. Let’s say normally for health insurance medical examination is requires but there are instances when insurance company insure without medical examination or without evidence of insurability. Without evidence of insurability is generally riskier for an insurer or an insurance company because of lack of information about the policyholder. In order to reduce risk, the insurance company limits the insurance amount that a policy holder can get when needed.