Accident Insurance

Employees are normally offered accident insurance, but its purpose is often misunderstood. This type of coverage will give you a cash payout if you are disabled or injured, or it will payout to your loved ones if you are killed. It covers the gaps that are in your life, health, and disability insurance, as well as your worker’s compensation insurance.

If you are injured on the job, your disability insurance and worker’s comp coverage will kick in, but it does have a limit. You can always file for Social Security benefits, but this can be a very involved process that can end in claim denial.

Several choices are normally offered by employers. Whether you want to cover just you or you and your family, there are choices to help you get what you need for you and your family. All the costs for such things as day to day living, funeral expenses, co-pays, and travel costs can all add up quickly. This is especially true if you are not working. This kind of insurance can cover these expenses, in addition to lost income.

When you are involved in an accident, this type of coverage can cover expenses to allow you to take care of your family. If you have children, this can be essential to help keep your family going. It really doesn’t matter if you are single or a family income earner, however, as protection like this will help secure your financial future if you are hurt in an accident.

Accident insurance can be less expensive than traditional life insurance, which will make it much more valuable if you are injured.