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The mere thought of anyone getting hit by a car or stumbling down the stairs is scary. When an individual meets with an accident, a lot of things need to be thought about. The victim has a number of thoughts racing through his/her mind. The trouble is that people hardly know anything about the options available to them in order to safeguard themselves from the after-effects of accidents. Although one may say that being cautious at every step helps avert accidents, the statistics are quite to the contrary.

There are many people who have fatal accidents due to no fault of theirs. Even if the accident is not fatal, there are many medical problems that can come up owing to the accident. In addition to the medical expenses, there are a lot of superfluous expenses that the family might face. There would be a large number of troubles that the family could face because of a lack of income. Accident insurance policies are designed to assist people in coping with these expenses.

All the different problems that are faced after an accident are covered by accident insurance plans. The policy holder need not worry about the expenses incurred after an accident. Post an accident, the victim of the accident is generally hospitalized. This causes a financial burden on the individual who has to pay for the bill.

All the household costs that are incurred by an insured individual can be addressed by the compensation amount that is given. The outlay of household expenses is mostly felt when it is coupled with the medical expenses incurred after the accident. These expenses are too much for the family to deal with alone. Families that have little or no savings are the ones that tend to suffer the most. There are families where individuals do not have an option but to forsake all their assets to help the accident victim.

Instead of this, people should invest in a personal accident plan so that these expenses can be covered by the policy. While most accident policies cover medical expenses, there are also plans that provide coverage for other problems encountered after an accident. Some of these problems include:

  • Transportation of mortal remains (to the victim’s house or cremation/burial ground) in case of an accidental death
  • Family transportation if the victim suffers permanent total disability or passes away due to the accident
  • Transportation of imported medicines, if required
  • Modification of the residence or the vehicle if the victim suffers permanent total disability
  • Modification of the residence or the vehicle if the victim suffers permanent total disability

Apart from all of these, there are lump sum payments made in the event of:

  • Accidental Death
  • Permanent Total Disability
  • Permanent Partial Disability
  • If the insured victim has broken bones due to the accident

There are many other benefits that are present with accident insurance policies. Accident insurance also provides for the education of the dependent children in case of accidental death or permanent total disability of the insured person. Accident victims who suffer from temporary total disability are given weekly allowances to enable them to cope with the short-term income loss.

All-in-all accident insurance policies make certain that people are secure from any kind of accident. Whether you accidentally fall down the stairs and hurt your knee or become a victim of a hit-and-run, you can rest assured that your family will be well taken care of with an accident insurance plan.

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