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Do you have a Personal Accident policy cover? If not, think seriously about getting one. Though one would hope to never have to use this benefit, life is full of uncertainties and one never knows how and where an accident may take place causing bodily harm. This insurance policy is one that covers permanent total disablement, permanent partial disablement, temporary total disablement, accidental death and double indemnity for permanent total disability and accidental death. Some people may feel that by taking out an insurance policy as above they are ‘inviting’ an accident to happen. That would be a foolish attitude. Any insurance whether it is to protect your home, your car, your household effects, factories, warehouses, buildings etc., is meant as a financial safeguard in the event of unforeseen disasters. So also in the case of personal accident coverage; life is full surprises – some pleasant, some frightening and dangerous. We should always be ready to face the frightening and dangerous situations by doing whatever is in our power to lessen their impact. Taking out insurance to cover any accident causing bodily harm would help in so many ways. It would first help on the financial front where compensation will be paid according to the policy amount taken. With medical treatment and hospitalization expenses ever on the rise, having the means to pay for such treatment after an accident would be of great help. While deciding on which company’s Personal Accident policy to take, you could first check out the following information. What are the benefits offered under the individual accident policy? Who can purchase the policy? What formalities have to be observed to make a claim? If no claims are made are there any bonuses that can be claimed? Also ask for details with regard to accidental death, permanent total disablement and temporary total disablement. In general the types of events under which one can be covered for personal accident are those which occur on rail, road and air; any injury which is sustained through a fall or collision; or by drowning, poisoning, or burn injury. The subject accident insurance will not be payable when injuries or disablement or death are caused by any of the following reasons: Injuries caused by insanity or venereal disease; injuries resulting from strenuous and adventurous sports such as bungee-jumping or mountaineering injuries sustained from self injury or attempted suicide; injuries sustained from pregnancy or childbirth; injuries suffered because of civil hostilities, war, invasion and foreign enemies. Kirti Saxena is a web enthusiast and a writer for different areas including insurance and banking and numerous other sectors. Get all your tips related visit: Personal Accident and Accident Insurance.
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