Accident Insurance Verses
Other Types of Insurance.
CAN I COMBINE ACCIDENT INSURANCE WITH OTHER TYPES OF INSURANCE?
Yes, and it is highly recommended! Health insurance is your comprehensive health plan, but then supplemental insurance such as accident, disability insurance, and life work together to fill coverage gaps.
WHAT IS THE DIFFERENCE BETWEEN ACCIDENT AND HEALTH INSURANCE?
Health insurance is a comprehensive health plan, but, it’s important to note that no matter what health insurance policy you have, it doesn’t provide a blanket cover for all medical expenses regardless of the reason.
Accident indemnity is supplemental to health insurance and should be purchased in addition to. Aside from medical benefits, your accident policy could also help you pay for non-medical expenses like travel and lodging related to your accident – something health might not. It can also help cover medical bills you are responsible prior to reaching your health insurance deductible.
It’s also important to note that health insurance usually reimburses your doctor or health care provider, while accident insurance sends the payment directly to you so you have the freedom to choose how to spend it. And together, accidental and health insurance work in tandem for you.
IF MY ACCIDENT INSURANCE POLICY PAYS ME A BENEFIT, CAN I STILL COLLECT DISABILITY INSURANCE?
Yes! In fact, disability insurance and accident insurance go hand in hand. Disability insurance helps by replacing a portion of your income if you are unable to work, while accident insurance helps pay for medical bills and other expenses that arise as a result of your injury, regardless of whether you can work.
|Accident Policy Monthly Rates|
WHAT IS THE DIFFERENCE BETWEEN ACCIDENT INSURANCE AND WORKERS' COMP INSURANCE?
The relationship between accident and workers’ comp insurance is very similar to the relationship between accident and disability insurance. Similarly, to disability insurance, workers’ comp insurance replaces a portion of your income if you are unable to work, while accident insurance helps pay medical bills and other expenses that arise as a result of your injury.
WHY DO I NEED STANDARD LIFE AND ACCIDENT INSURANCE?
You need standard life and personal accident insurance because they work together to provide you with a financial safety net for different circumstances. While both of these policies can provide coverage in the event of your death, they differ greatly. Life insurance typically covers instances of death resulting from illnesses or natural causes. Whereas accident insurance typically covers death due to an accident, and may even pay a benefit if someone is only injured.