Independent advice on private healthcare
What is Personal Accident Insurance?
Accidents can happen when you least expect it, and a serious injury or accidental death could have devastating financial consequences for you and your family.
Personal accident insurance gives you financial help if an accident should happen. Personal accident insurance pays out a cash sum if you a suffer an accident. Personal accident and illness/sickness insurance pays out a sum if you are injured or ill.
Some policies pay out a cash sum on death.
For non fatal accidents the pay out may be a cash sum, or a monthly payment for a number of months.
As with all insurance, the trick to buying the right type is to consider exactly what it is that you need it to do for you. You need to have a very close look at the small print of any policy to make sure it will pay out when you want it to.
Personal Accident cover is often included in motor, travel, sports, home and business covers. It is often included or an option on Private Medical Insurances
The smallish premiums mean it tends to be expensive to sell and administer, so few insurers now offer covers.