What is Accident Insurance?

By on March 3, 2019
Accident Insurance

Accident insurance is a type of insurance that helps to protect you when you suffer an injury during an accident. Most likely, it will pay you a lump sum that will help you take care of medical bills and other expenses associated with the injury you just suffered.

Why Should You Get Accident Insurance?

Making sure you are financially protected when you are involved in an accident and suffer an injury should be a priority. Also, you should know that this type of policy offers other benefits, such as:

  • Taking care of expenses that may not be covered by your health insurance like the cost of rehab.
  • If you have been denied life insurance in the past, you may be able to purchase a stand-alone accident insurance policy.
  • Generally, there is no medical underwriting required for this type of insurance.
  • If you are active or enjoy many outdoor activities, or if your daily routine involves quite a bit of driving, you may enjoy peace of mind knowing you are covered in case of an accident.
  • This type of insurance is quite economical, a typical policy can run you as little as $15 a month (depending on your location and the amount of coverage you are looking for).
  • You don’t need to dip into your savings nor worry about not having saved enough money to cover the expenses related to an injury. The policy will take care of them and let you focus on your recovery.
  • If you are self-employed or do freelance work, this policy can protect you financially if you suffer an injury and are unable to work.

What Type Of Accidents Does Accident Insurance Cover?

Keep in mind that the type and amount of coverage depend on your policy and your insurer. However, here are some examples of common injuries that are covered:

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  • Disability – Permanent or partial loss of eyesight, hearing, the use of limbs, speech.
  • Fractures – Legs, arms, hands and fingers, skull, ribs, and neck.
  • Accidental death and dismemberment, including loss of life, quadriplegia, and paraplegia.

What Is Not Covered by Accident Insurance?

Not everything is covered by this policy. Here is a list of injuries that may fall outside its coverage:

  • When the injury is determined to have been self-inflicted.
  • When the injury is dental and not medical.
  • When the accident happens due to a previous illness you may suffer from.
  • When the injuries occur due to dangerous behavior on your part.
  • When the accident and injuries happened because you were under the influence.

Should You Get Accident Insurance?

You may think that if you already have health insurance, an accident insurance policy may not be necessary. However, have you thought about the cost of rehab that may have to come out of your pocket? You may also be covered by worker´s compensation. Have you thought about what would happen to you and your family if you are unable to work if this accident and/or injury happens outside your work?

You can never be prepared to deal with the unexpected. Protect yourself and your family with an accident insurance policy. And when you need additional help, call for legal assistance to get the compensation you deserve.


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What is Accident Insurance?