Accidents happen. They’re a fact of life—and they can be devastating when they do. But what if you didn’t have to worry about the costs associated with an accident? What if there was a way to protect yourself from incurring these large expenses if something happens? That’s where personal accident insurance comes in.
What is Personal Accident Insurance
Personal accident insurance is a form of insurance that provides protection for your family if you’re injured or become ill and are unable to work. This can be due to an accident at work, a non-work related illness or injury, or even things like pregnancy or childbirth. If you’ve been injured in an accident, the personal accident insurance will cover your medical bills and any other expenses associated with the injury.
The coverage usually includes:
- Hospitalization and related treatment costs (for example, doctor visits)
- Emergency transport services (if needed)
Why Do You Need It?
If you’re like most people, you probably take your overall health for granted. You don’t think about how an injury could affect your life until it happens to you or someone close to you.
That’s why workplace injury insurance is so important. Many employers offer personal accident insurance as a benefit of employment. But even if your company doesn’t provide this benefit, it’s still worth looking into purchasing private coverage on your own. By doing so, not only will you be better protected against medical costs and lost wages in case of an accident that keeps you off the job—you’ll also save money on things like deductibles and co-pays at the doctor’s office because they won’t apply when an injury is covered under PII (personal injury insurance).
What Does It Cover?
Personal accident insurance covers you for a variety of injuries. If you’re in an accident or suffer an illness, the insurance will help pay your medical expenses, rehabilitation costs and income loss. It can also cover the cost of funeral expenses if you die because of your injury.
Although personal accident insurance generally applies to accidents that occur at work or while traveling on business, it can also apply if you’re injured at home. In this case, it may be included as part of a general household policy rather than being sold separately.
Finally, if someone else is responsible for causing your injury (for example they hit you with their car), personal accident coverage would apply in those instances as well.
How Much Does It Cost?
The cost of personal accident insurance varies depending on the type of policy, how much cover you want and your individual health record.
If you’re young and healthy, it’s likely to be expensive (though cheaper than being without a policy). If you’re older or have an existing medical condition, this might not apply.
It can also be cheaper if:
- You belong to an association or sports club that offers group rates on insurance policies.
- Your employer pays for it.
- You have a good driving record and get free car insurance with your bank account.
Visit our website for a personalised quote.
Looking For Personal Accident Cover?
Personal accident insurance is a great way to protect yourself and your family against the financial impact of a serious injury. It can help cover the cost of medical treatment, rehabilitation and other expenses related to an accident in which you were not at fault. This type of insurance also provides some peace of mind knowing that if something terrible happens, there will be funds available to assist with recovery costs.
Contact us to find out how much personal accident cover will cost, or any other information you may need.
