Accidental insurance or also known as incident insurance is an insurance policy that covers any injury or death that may happen to you or a third party during the course of your working. Accidental insurance policies do not give you a lump sum assured but instead, it gives you a certain amount (say $1) paid to you if you become sick or injured during your working. This policy was primarily meant for employees working in hazardous occupations or those who have a tendency to fall or get injured in their everyday working.
It is very important for you to have a personal accident policy while you are working in order to protect yourself and your family in case you get injured or fall during your job. A number of accidents can occur during the course of your work and sometimes it can be risky to assume that you are safe from getting hurt. If you do not have any insurance then it would be difficult for you to claim the salary from the employer should you get injured on the job. Accidental insurance takes care of everything for you.
You can also find Accidental Insurance that will help in the payment of your monthly rent if you meet with an accident that leaves you unable to return to your work. A lump sum assured is a great way to pay for your monthly rent until you recover completely from your injuries. This will also cover any medical fees that your doctor charges you once you get back to work. You can also get accident insurance that will also take care of your funeral expenses. If you were the breadwinner of the family then you would naturally have to shoulder most of the costs of your loved one’s funeral.
If you want to have Accidental insurance, then it is highly recommended that you check with your employer first as he may be able to provide you with this type of insurance. There are many health insurance plans that cover for accidents and incidents that can happen during work. You can check out a number of different health insurance companies that offer an accidental insurance. You can even apply for an Accidental insurance policy right online. Many insurance agents will be more than willing to assist you and answer all your questions.
Benefits of Accidental Insurance
There are many benefits that come along with having Accidental insurance such as, paying a lump sum assured if you meet with an accident, having your premiums taken care of until you fully recovered, and even temporary health insurance plans that will help you until you are completely healed. Accidental health insurance plans are very beneficial for people who have no other choice but to take care of huge medical bills. Even those with permanent disability cannot afford to pay huge medical bills for the rest of their lives and accidents on the job will leave them with the need for a lump sum assured.
When you search for accidental policies online, you can compare several health insurance plans that fit your needs. One of the best things about Accidental policies is that you can claim a lump sum assured even in the event of an accident. Accident coverage will also cover the cost of hospital expenses, prescription costs, and medications that you might need for recovery. However, there are certain limitations of this type of accident policy. One of these limitations is that the policy will not cover costs that would have been paid out under the Family Care Health Plan (FCHC) or Medigap Plan.
If you ever get involved in an accident where you suffer from a permanent disability, the policy will only pay for your partial mobility. This means, if you are totally disabled, you will not get any coverage whatsoever. This is important to understand because it is important to know whether or not your accident benefits will extend to include your disability. The other thing to keep in mind is that if you have a permanent disability, you will not be eligible for Social Security Disability Insurance (SSDI) and Medicaid. This is because the two programs are designed to help with the costs of long-term disability.
Accidental policies are available in a number of different forms. Many of them are “guaranteed renewable,” which means that they can be renewed with a full payment of premiums. However, many individuals do not want to make a large payment up front for insurance coverage. For this reason accidental insurance policies are often less expensive than other types of insurance policies
