Is Accident Insurance Necessary?
Accidents are unexpected, but they happen more often than you probably realize. Accident insurance offers protection in the form of compensation when you suffer an injury during an accident. For accidents that occur on the job, most companies offer worker’s compensation. It is only good for on the job accidents, and there are things this insurance does not cover.
Worker’s compensation does not cover any accident you have away from work. Even if you’re unable to work, the compensation will not help. That is why accident insurance is considered by some workers, to ensure they are covered at work and when they are not at work.
Accident insurance covers different things, including medical expenses, emergency room bills, transportation costs and other out of pocket expenses.
Insurance options usually have variable premium levels, so what you choose depends on your budget. People at high risk of an accident, like a pilot, climber or volunteer firefighter, then you should consider accident insurance seriously. The policy pays benefits to your family if you are killed or if you are permanently or temporarily disabled. Reimbursement is normally in cash.
An accident insurance policy can be good, even if you think you don’t need it. You can “hope” an accident doesn’t occur, but that’s risky. Contacting your local insurance agent and determine the right choice for your needs and budget.