Most of us know about the importance of insurance policies that deal with life insurance or health insurance. These are the big ones that everyone is advised to look into in order to protect themselves against hospitalisation and medical expenses or buffer the risk of death and liabilities arising due to it. But there is one sort of coverage that is often overlooked – namely ‘personal accident insurance’.
A usually inexpensive sort of coverage, personal accident insurance is offered by most leading insurance companies, Dubai insurance firms and the like.
Personal accident insurance and schemes in general are aimed to cover the policy holder from injuries, disability or death due to accidental reasons. Minor and major personal accidents are included in the coverage and it is a good policy to consider to complete you insurance portfolio. In many cases personal accident insurance premium is generally much cheaper than other forms like life insurance, so it is an affordable addition to keep yourself covered.
Let us take a look at some of the top reasons to consider personal accident insurance for yourself and / or your family members today –
1.Well firstly, accidents happen; major or minor, life is unpredictable enough and unforeseen accidents add to the mix! It could be injuries you sustain when you fall of your bike or injuring your foot during a vigorous kick boxing class. It could be more major like injuries sustained when playing a sport or indulging in a physical activity that leaves you bed-ridden or a tragic disability due to a mishap. Personal accident insurance helps you financially through a temporary or permanent disability and provides a little support in the days after an accident. This becomes so important when you are injured and bed ridden with your pay cheque slowly getting docked or if a disability prevents you from going back to the profession you are in currently. Some policies also offer options for temporary disabilities and cover against loss of your earnings.
2.Secondly, personal accident insurance is a good way to fill a hole when the accident in question is a little murky in the sense that you cannot ascertain who or if anyone was truly at fault for e.g. When you are walking through a building renovation site and some debris falls on you and injures you. You cannot always ascertain who was at fault here. Sometimes it is more clear cut like a car accident caused by rash driving on one driver’s part, but when it is not so clear cut your personal accident insurance cover will help tide you over financially.
3.Thirdly, as mentioned earlier most insurance companies offer very affordable personal accident schemes that are not a big additional drain on the pocket. The slight increase with the premium payment may be well worth the peace of mind and cover it affords you. You can also find family schemes for personal accident insurance or packages that bundle it with other covers, offering a more attractive rate and further discounts.
Policy holders like yourself opt for life insurance, home insurance and health insurance etc. to help protect themselves and their families, so why not look at something that will provide you with all more coverage and one that fills any possible gaps.
Talk to your insurance company about the personal accident insurance policies they offer. Most insurance companies look at factors like your occupation, lifestyle, working conditions and the like when ascertaining your premium rates
