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Personal accident insurance pay emergency expenses

Accident happen. Financial hardship does not have to an injury that hurts an arm or leg can hurt our finances too. Are we prepared? Prepare for the unexpected with personal accident insurance ?

personal accident insurance

Accident Insurance

Accidents happen to all of us. And it can be challenging to meet expenses for a car accident, sports injury, or broken arm, treatment and recovery after an injury.
Accident insurance helps us handle the medical and out-of-pocket costs that add up after an accidental injury. This includes emergency treatment, hospital stays and medical tests, and other costs you may face, such as transportation and lodging needs.

Benefits of Accident insurance :

  • Injuries : crack, break , fractures, dislocations, concussions, lacerations, eye injuries, torn knee cartilage, ruptured discs, second and third degree burns.
  • Medical services and treatments :  emergency care, ambulance, medical testing (including x-rays, MRIs, CT scans), therapy services, medical appliances and certain types of surgeries.
  • Hospitalization : hospital admission, ambulance, emergency care, therapy services, medical testing (including x-rays, MRIs, CT scans), medical appliances and certain types of surgeries , confinement and inpatient rehab after an accident.
  • Additional benefits : accidental death, dismemberment, loss and paralysis.

Personal Accident insurance is not a replacement for health insurance.

Disability Insurance

A disability can happen to anyone. Nobody plans on getting too sick or injured to work. If the unexpected happens, proper planning with an individual disability income policy can help protect income and ability to maintain our standard of living.
Anyone who depends on their income to maintain their lifestyle should consider Disability Insurance.

Disability insurance protects our most important asset — our income if we become physically unable to work due to illness or injury. It provides both individual and business expense reimbursement plans to cover ongoing expenses such as mortgage, utility payments, loans, and living expenses.

Accidental Death & Dismemberment insurance

Accidental Death & Dismemberment insurance is a very limited policy that only covers death or the loss of a limb due to certain accidents. It is usually available as a separate policy (sometimes available through an employer) or as a rider to a life insurance policy. In terms of purchasing a standalone policy, while AD&D insurance is cheaper, it’s also very limited and, at the end of the day, you’re best-served purchasing a term life insurance policy, which is also often relatively inexpensive.

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