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What is accident insurance
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Posted On :
Nov-07-2011
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Article Word Count :
498
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There might be some restrictions related to the policy that include cap on the total payout and restrictions related to the payouts in case of activities that are considered to be risky.
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Accident insurance is a type of insurance, which protects a person in case he/she experiences any injury or dies. In such cases there is a payout offered to the beneficiaries on the policy. However, there are cases, which are not covered by such policies, and they include negligence, natural disasters and so on. Moreover, there might be some restrictions related to the policy that include cap on the total payout and restrictions related to the payouts in case of activities that are considered to be risky. There are a large number of insurance companies, which sell accident insurance policies. Such policies can be purchased as standalone or as part of the life insurance package.
Like in the rest of the cases when buying an insurance policy this is a bet. The policyholder pays a premium to the insurance company with the hope that there will be no accident and the insurance company sells the policy with the same hope since in such a case it will not have to pay out. In case you do not have any health coverage, an accident insurance policy might be a good idea since you will need to access medical treatment in case you are involved in any accident. Moreover, such a policy can be useful for the ones who think that their families will need financial support in case of their death. An accident insurance policy provides financial security.
The payouts for an accident insurance policy might vary depending on how severe the injury is. There are policies, which are very clear on how much will be paid in each particular case of a loss of some extremity. Such payouts have the purpose of covering the medical treatment, the money spent on pain killers and in cases when there is permanent disability there might be payments that are given to the victim in order to maintain his or her lifestyle for life. In case the victim dies, there are payments to the beneficiaries on the policy.
When you are choosing an accident insurance policy, you should surely ask about the coverage and the amounts paid as premiums. There are insurance companies which have better coverage than others and there are the ones which are really suspicious in case of a claim and perform many checks so the victim might not be able to get the money they need for their medical treatment on time since the circumstances around the accident need to be thoroughly checked.
One of the types of accident insurances, which are purchased very commonly, is the car accident insurance. This is so because a large number of accidents happen on the road. There are also accident insurances for travelling which can be purchased before you undertake a trip in order to protect yourself if something unexpected happens. There are also the accident insurances, which are designed for people that have dangerous jobs, and companies that offer such positions often purchase them.
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Article Source :
http://www.articleseen.com/Article_What is accident insurance_100933.aspx
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Author Resource :
If you you to know more about insurance you can visit this site in Danish is ( Ulykkesforsikring ) .Additional information about insurance here .
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Keywords :
insurance, accident insurance, accident insurance tips,
Category :
Finance
:
Insurance
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