Accident insurance (also called Accidental Insurance) pays you a lump-sum payment to help you pay for the medical and out-of-pocket costs after you have an accidental injury. You can use it as you see fit, to cover many things, like emergency room, ambulance, hospital stays, doctors, medications, surgery and even other expenses you may face, like hotels, transportation. If you also have medical insurance, it can help to pay out-of-pocket expenses such as deductibles, copays, transportation to medical centers, childcare and more.
What defines an “accident”?
Accidents can be
- injuries like : fractures, dislocations, concussions, lacerations, eye injuries, torn knee cartilage, ruptured discs, second and third degree burns, or
- medical services and treatments like: ambulance, emergency care, therapy services, medical testing, medical appliances and certain types of surgeries
hospital visits or stays like: hospital admission, confinement and inpatient rehab after an accident
- Or even related: accidental death, dismemberment, loss and paralysis