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Accident Insurance

Facts about Accident Insurance

When a person is injured on or off of the job, it could lead to huge medical expenses. Things look even bleaker if the person becomes unable to work. With accident insurance, things might not be too bad. Accident insurance provides funds to pay for expenses when you can’t work.


Accident insurance is a policy that pays a lump sum if you are hurt in an accident. The catch is the circumstances must be covered by the policy. Some companies offer this coverage as part of a supplemental benefits package for employees.

Who Needs It?

An accident policy is recommended for people with dangerous jobs. For example, police officers, firefighters and construction workers might benefit from this insurance. Anyone can use it, but people in certain occupations are more likely to need it. If a job doesn’t offer paid leave, then this coverage might be good as well. That way a person can have income when they are unable to work due to an accident.

How it Works

An accident policy pays a sum of money to the policyholder when that person is injured in an accident covered by the policy. If there is an accident, the insured must file a claim. If the claim is valid, then the policyholder receives financial help. The money can be used for any purpose, including paying for medical bills and paying household expenses.


Accident policies are similar, but not all policies cover the same types of accidents. Some policies only cover accidents that occur at work. Also, some policies offer coverage for serious illnesses in addition to accidents.


The benefit of this coverage is you get financial help if you have a serious accident. Depending on your occupation, you may benefit greatly from this coverage. It helps to have financial assistance during the tough times of your life.