Definition
Waiting period
A waiting period is the interval from the start of the policy during which a specific cover does not yet apply. It is common in health insurance (e.g. for maternity or pre-existing conditions) and in legal expenses cover. A loss or event within the waiting period is usually not paid.
Also known as: Qualifying period
A waiting period exists to prevent someone from insuring only when they already know they will need the cover. It is reasonable, but it affects you directly: if you recently switched insurer, a condition or dispute that 'arose' in the first months may fall outside, even if you learned of it later.
In your own policy, look for «χρόνο αναμονής» or «περίοδο αναμονής» in the terms of each cover — it varies per benefit. PolicyWallet surfaces references to waiting periods in your document, so you know from when each cover actually applies.
Upload your policy — free analysisFrequently asked questions
Does a waiting period apply if I changed insurer?
Often yes; the new policy starts its own waiting period. Ask whether prior continuous cover is recognised.
Related
Educational content, not insurance advice. PolicyWallet explains what the term means and helps you find it in your own document — it does not assert what your policy covers.