There is no doubt accidents do happen and we all are equally vulnerable. This is exactly why accident insurance exists- to offer protection from the unexpected. It helps take care of those extra costs that your normal healthcare insurance will not. For example, it can provide for the cost of your deductible and help with any transportation and lodging needs that result in the aftermath of an accident. It can also fill in with financial assistance for the loss income due to missed workdays resulting from an accident.
Accidents don’t discriminate- whether you are big or small, young or old, rich or poor, it can happen to anyone and at anytime. No matter how careful you may think you are and how few accidents you have had in the past, you are a good candidate for this kind of coverage and the peace of mind that it provides. Accident policies come in various levels of coverage amounts. You can buy a smaller policy that helps out a bit or purchase a large one that will keep you well covered virtually no matter what happens.
A big factor in the consideration of this kind of insurance is the question of who depends on you and what would happen to them if you found yourself out of work for a bit due to an accident. Of course, if you are single, you likely would need a more modest and less costly policy. Should you have a partner and/or children that are dependent upon your income, then you certainly should seriously consider extensive and comprehensive policy coverage.
It is important to keep in mind that accident insurance does not provide compensation should you die. You might wish to investigate other kinds of insurance types if this is also a concern for you. An accident insurance policy is intended to compensate you so as to help in managing the costs related to an accident or injury. Note that it is supplemental to, (but not a replacement for), normal health care insurance.
The most often reason for one to buy an accident policy is to replace income that is lost as a result of an accident. If you are not able to work due to an injury, you obviously still need money to get by and meet your monthly expenses like rent or a mortgage. This kind of policy is what can help fill in the gaps until such a time, as you have become well enough again to go back to work.