Accident Insurance Plans

Supplemental accident insurance can provide benefits that your regular health or disability insurance doesn't. Depending on your policy's coverage, accident insurance can help make up for lost income, pay your bills and protect your savings.

Why accident insurance?

Not only could an accident cause serious problems for you physically, but it could also threaten you financially. Accident insurance provides benefits that can help protect your savings and financial stability.

Accident insurance is a type of supplemental insurance, used to fill gaps left by your other policies. Your benefits may be used to cover some of the things your health insurance doesn't. It is up to you to decide what to spend the benefit money on since it is paid directly to you. You can use it towards medical bill, your rent/mortgage or anything else you wish to use it for.

Benefits of Accident Insurance:

While accident policies differ from one another, these are some of the benefits commonly offered with a basic supplemental accident insurance plan:

• A lump sum amount following an accident.
• >Benefits in varying amounts for dislocations, fractures, loss of limbs or death.
• Hospital confinement allowance.
• Benefits for medical expenses, including physician fees and cost of x-rays.
• Coverage for individuals or your whole family
• Coverage for an unlimited number of accidents.

Some premium policy features (which usually cost more to add to your policy) may include:

• Disability benefits to help replace lost income.
• Disability income for non-accident related sickness and surgery

Do you need it?

You may not need accident insurance if you already have comprehensive health and disability coverage and adequate financial resources to pay for accident related injuries. However, you should consider purchasing accident insurance if:

• You can't afford the extra bills associated with an injury.
• You can't afford time away from work and may not have enough in savings to keep up with mortgage, credit card, utilities and car related bills.
• Your savings are earmarked for long-term goals.
• You want coverage that's not tied to an employer.
• You are your family's sole wage earner.
• You don't have any form of disability coverage.