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What is Personal Accident Insurance

Personal accident insurance covers your expenses in the event of an accident with a lump sum, daily or monthly benefit or accidental death benefit. Some types of policies form an endorsement program.

Accidental death and dismemberment are often good examples of personal accident insurance. Other types are similar to disability benefits, but pay more if you are injured in an accident. There are several ways to get personal accident insurance. Some policies only cover certain types of accidents.


As now, when a person cannot work due to an accident, his family suffers. In 1694, Hugh the Elder Chamberlain invented the policy of hiding the family's income in case of misfortune, and in the XIX. It became a reality at the end of the century. Although they call it protection against misfortune, it is similar to today's money-making that offers rewards to victims. In 1850, the Franklin Health Promise Company of Massachusetts offered basic insurance covering injuries from train or boat accidents. Some insurance companies still offer car accident insurance.

Personal Accident Insurance

Accident insurance can be cover for accidental death and dismemberment, with a specified death benefit and a lower dismemberment benefit. In addition, additional daily allowances may be included if you are injured in an accident. An example of accident insurance is travel insurance, which only covers accidents caused by a plane crash. Other policies pay out on a daily basis if you are injured in an accident. This amount is a dollar payment and not a salary replacement.

You can get accident benefits through your company's group insurance. This type of insurance pays for loss of life and limb due to an accident. Additional breakdown coverages that cover the cost of repairs are benefits from credit unions, credit cards and other financial institutions. Accident insurance also includes custom design models that you can purchase through work. Associations such as high school football teams offer accident insurance. There are car dealerships where a nervous flyer can buy accident insurance.

Accidental death and dismemberment insurance, which is an example of accident insurance, is often inexpensive. There is a reason for this. This is not as common as death from disease. Accidental death insurance for travelers is cheap for the same reason. One-time payments for the injury, not the workplace, because you are more likely to need medical care and extra labor costs to do so.

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