Accident insurance – important information
The accident insurance provides coverage to the policyholder in case there is an event of injury due to an accident. This insurance policy helps the policyholder to pay for medical and hospital bills in case there are injuries due to an accident and also provides cash benefits for the policyholder’s family members in case he dies in this accident. Accident insurance is also called personal accident insurance and is applicable 365 days in the year.
If the policyholder gets injured under personal accident insurance they receives cash benefits each month, similarly to an income, for the time that they are unable to work because of the accidental injuries. This so called ‘income’ isn’t being taxed and won’t exceed the after-tax earnings of the policyholder minus the stated benefits that can be claimed by them. In case the policyholder dies because of an accident, the family is going to receive the specified in the policy total cash value.
Different types of accident insurance policies
When it comes to personal accident insurances we can distinguish eight common types. They are:
– Individual – this is a policy that may get taken by any individual. Usually, the benefits of this type of personal accident insurance encloses children and partners. This policy also excludes a lot of activities and won’t be the best choice for all the people that enjoy practicing in adventurous sports such as rock climbing and mountaineering.
– Children – this policy has one single purpose and that is to provide the parents with financial help in case they are somehow unable to work. It also provides financial stability if the parents incur expenses because of an accident.
– Group – this personal accident insurance policy is often used by major companies to provide their employees with coverage for any kind of expenses related to accidents in the line of work.
– Self-employed – since the people that are self-employed don’t fall under the category of the people that are eligible for employee benefits, in case there is an accident they might encounter a really serious financial crisis in addition to their injuries and stress from the accident. That’s why it is really important for such an accident insurance policy to be maintained. Getting injured is really bad, but if there is no money for the treatments the problem might get much more complicated.
– Team – the team accident insurance policy provides financial security for every member of any kind of sports team. In case there is an event of an accident, the organizers of the sports team may seek coverage for injuries that have occurred due to the accident.
– Professional – this type of policy is intended for the professionals that are self-employed. All the professionals with special requirements such as an actor, a sportsperson, doctor or lawyer can benefit from this policy.
– Over 50 – this accident insurance policy, as its name implies, is designed for people who are over 50 years old. This is due to the fact that in case an accident happens to older people it is much more likely to cause grievous injuries to them.
The Danish word for accident insurance is dækning ulykkesforsikring. If you would like to get such a policy make sure you visit this website where you can find it all. To find out what the reasons why you need insurance in the first place are, go to this web address.
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