Definition of personal accident insurance

The accident insurance covers personal expenses of an accident with a single payment, a daily or monthly amount or a payment for loss of life in an accident. There are several types of policies to supplement an insurance program. Often, accidental death and dismemberment is a cheap way of accident insurance personal. Other shapes are similar to disability income, but pay a cash sum when you have an injury due to an accident. There are several ways to buy accident insurance personal. Some policies pay only for certain types of accidents.
accident insurance

History
Like today, in the early days when a man could not work due to an accident, his family would suffer. In 1694, Hugh Chamberlain “the old man” proposed a policy to cover a family income in the event of an accident, and, in the late 1800s, became a reality. Although they called accident insurance , resembles disability income today, providing payments to the injured person. In 1850, the health insurance company Franklin Massachusetts offers the first policy that covers injuries caused by an accident train or ship. Currently, some insurance companies offer policies even on public transportation accident.

 

Type
The accident insurance can be for an accidental death and dismemberment that pays a specific amount if you die and fewer losing a limb. You can also include a daily payment if you suffer injury from an accident. One form of accident insurance is the rating and only includes accidents tickets. Other policies pay a daily allowance if you get injured in an accident. This amount is not a replacement of income but a fixed amount.
Places to Buy
You can acquire income through accident group insurance at work. This type of insurance covers loss of life and limb due to an accident. Additional types of coverage accident insurance including cost group are the benefits of credit unions, card credit and other financial institutions. The accident insurance also comes as individual plans that you can acquire through work. Groups like the football teams of high school offer insurance accidents . There are vending machines where a nervous passenger can buy insurance against accident flight.

Cost
Dismemberment insurance and accidental death, a form of insurance against accidents , it is often cheaper. There is a reason for this. This does not happen as often as death by disease. The accidental death of the traveler is also cheap for the same reason. Lump sum payments from an injury that did not occur at work, which makes medical care is sought and miss work, it costs more, because there is a higher probability of occurrence.

Misconceptions
The accident insurance does not pay in the long periods that its invalidity does. This provides lump sum payments for the loss of a limb. Often an accident insurance pays a percentage to the death to get paid 100 per cent, the loss of both eyes or a combination of one hand and one foot, or the sight in one eye. There are specific percentages for other losses. For example, you have to lose a thumb and index finger of the same hand in order to get 25 percent of the face value of the policy. Some policies pay increase if you had a seat belt at the time of the injury.

Over 70
The accident insurance for those in their later years is almost impossible to get. As people age, their bones become fragile and the smallest drop of a young person could kill someone greater.