Personal Accident Insurance

Should I Get a Personal Accident Insurance? Brief Explanation Why and How

Preventing is better than healing. As well as saving your money little by little than covering the money hole at one time to fix your economy. But how if your saving is not enough yet to finance something? Especially like accident which is unpredictable, like just by laying on a bench outside your home and a helicopter crashes around you. That’s the main reason why everybody should get personal accident insurance, including me, you, and others. Click here to view more info about accident insurance policy.

Personal Accident (PA) insurance is getting more awareness from people and becoming one of the most important assets people try to have. It is an annual policy that whenever you get injuries, disability, or even death caused merely by accidental, external, violent, and visible events. And the definitions of that causes always vary from one insurer to the others. Do you have a credit card? Because some credit cards come with personal accident insurance too, but of course the coverage will not have same limit as PA insurance.

But how this kind of insurance works? Same as other insurances. You have to purchase a policy and pay for it monthly or annually. The insurance will pay out if you are injured or die by an accident. You will receive a lump sum which is tax-free in such unfortunate happenings which are included in your purchased policy. And how about events that not mentioned in the policy? Will they cover something that you do not buy? In short, of course no coverage of that.

Typically, personal accident policy includes coverage for accidental death (the claim will be made by and given to your heir), permanent total or partial disablement, temporary total or partial disablement, medical expenses, corrective surgery, hospitalization benefits, and funeral expenses. If you want to get coverage in case accident happens from war, suicide and insanity, terrorism, self-inflicted injury, provoked murder and assault, involvement in unlawful activities, influenced by narcotics, liquor, or drugs, hazardous sports, AIDS, operating two-wheels vehicles, or other special events, then you should find out special policy because those events are not normally what PA insurance covers.

Some insurance also has some coverage too, like life insurance and medical & health insurance. What the coverage are and the benefit scale from the personal accident insurance vary from one insurer to others. Therefore, when you decide to buy one, remember to read the fine print thoroughly to make sure it meets what you need and want.

So, are you now still wondering should I get a personal accident insurance or not? Ask yourself these questions. Does your employer provide a personal accident insurance? If yes, then now you know how PA insurance is important. If no, then you should, especially when your job includes operating machines. If no, still ask yourself the final questions, how about your family in case you die from an accident? How will they continue their life without the backbone?

Now the decision is in your hands.