Reasons Why It is Important To Have A Car Insurance Personal Accident Cover
The policyholder is compensated by personal accident policies against death or disability caused by an accident. A personal accident cover must be bought as offers the policyholder financial assistance if he/she is disabled following an accident.
Accidents are unpredictable and can inflict irreversible damage to your life, so planning yourself for any mishaps is crucial. But then how are you going to be ready for any unexpected eventualities? But by applying for a personal accident cover to your car insurance, you can shield yourself, at least financially, from those tragic accidents.
Reasons Why Car Insurance Personal Accident Cover is Vital
Getting insured for the accident is not a choice, with unfortunate events such as accidents taking place now and then. Here are some of the reasons why you need to have a personal accident cover.
- Temporary Disability Taken Care: When the insured person faces temporary total disability as a consequence of an injury, the insurer provides his/her family with coverage for the full length of the disability. The payout is made weekly by most insurance providers for 52 weeks. This payout, particularly if he/she is the sole earning person, would be a major relief to the victim's family. There is typically no coverage for temporary partial injuries provided by car insurance providers. And if they do, it won't be more than 20% of the guaranteed sum. This policy also includes voice loss, hearing loss, and eyesight loss. If the policyholder loses a thumb, a hand, and an index finger, he/she will receive loss compensation.
- Major Hospital and Other Expenses: This policy takes care of hospital costs and emergency care. Besides, it covers other costs as well. That include payments for repatriation, ambulance charges, funeral costs in case of the death of the policyholder
- Home Alteration and Vehicle Modification Benefit: In the wake of an accident, whether you have damaged limbs, you may be wheel-chair bound. In such a case, to allow commuting to work easily, it would be necessary to have transport that suits your needs. Even, for easier living, you may need to change your home. These improvements can include the setting up of ramps or low washbasin heights in washrooms, etc. For the policyholder, the insurance agent facilitates both claims and transportation claims.
- Death of the Policyholder: The policy disburses payments to the family in this case. When you have young children, their education is taken care of by the insurer. The insurer pays 10 percent of the covered amount or the institution's actual tuition fee, whichever is lesser.
- Family Transportation: Your family member will find it impossible to meet you in case you are injured and over 150 km from your home. The insurance company will cover the cost of travelling in this situation.
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Conclusion
As such, you may trust your driving skills and have confidence while driving. But you never know the person who is driving another car can strike you down and leave you with irreparable injuries. In addition to having financial assistance, personal accident cover also covers you against an injury as minor as a scrape on the body or anything as serious as death/permanent damage because of injuries.
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.
