Accidents can happen at any time, whether you are at a sporting event, participating in an activity, or simply walking around the house. Accident Insurance can help you pay for many costs associated with recovering from an accident and can help you to stay afloat while you are unable to work. Accident insurance can also help you pay for wellness exams and screen tests that may assist you in preventing accidents and illnesses.
How Does Accident Insurance Work?
Accident Insurance can be purchased and maintained just like other types of insurance, by paying monthly premiums. Premiums may work out to as little as $0.66 a day for accident insurance, and payouts can be as much as $150,000. When you attend preventative wellness exams such as mammograms and annual physicals, you may file a claim and receive up to $60 back. If emergency room visits, diagnostic exams, emergency dental surgery, or other medical attention is required to treat injuries sustained from an accident, you may file a claim and receive up to $200.
What Types of Accident Injuries Qualify?
Injuries such as burns, lacerations, dislocations, fractures, and concussions are considered accidents that may be covered by accident insurance. Dismemberment or accidental death may also be covered by accident insurance. The amount of insurance benefit that is paid out may vary depending on the costs of treatment and care and the extent of the injuries. An insurance representative may be able to assist with explaining specific payout amounts pertaining to certain types of accidents at the time of purchase or claims filing.
Who Should Purchase Accident Insurance?
Accident Insurance may be extremely beneficial for families and older people, as children and elderly individuals are more likely to sustain serious injuries in an accident. While workers may believe that most injuries are sustained at a place of employment, the fact is that about 90 percent of accidents occur outside of workplaces and are not covered by workers’ compensation. Anyone can benefit from accident insurance, even if they have health insurance, as accidents can happen at any time and place.
Using Accident Insurance
Accident Insurance can help to supplement Health Insurance and pay for deductibles, copays, and medical expenses that are not covered under the health insurance plan. Accident insurance can help pay for things like meals, parking, lodging, and child care so that you can travel to the hospital where your child or spouse is being treated, or so that they can travel to where you are being treated. Accident insurance can also help to cover monthly expenses and pay for daily needs if you or your spouse is incapacitated and wages are lost as a result.