Free Insurance Guide

Personal Accident Cover

House fire, road crash, home injuries… These are just some of the common accidents people everywhere meet every day.  Accidents are sudden and unforeseen unfortunate incidents that nobody expects to happen.  Personal accident cover is what you need to help you when an accident happens.

Road Accidents

In 2003, the number of deaths due to road accidents in China was reported to be 238,584, the most in the world.  In the US, it was reported that 42,884 people were killed in car accidents in that same year, 35,600 in Russia, 8,877 in Japan, 3,508 in the UK, and 1,634 in Australia.

Home Accidents

Our home is where we feel safe most.  Ironically, your very own home is one of the most dangerous places you can be.  About three million people are sent to the hospital for unintentional injuries acquired at home.  Some causes of injuries include choking, falling from the stairs, poisoning and burns.

In the US, according to the National Hospital Ambulatory Medical Care Survey in 2007, the number of emergency department visits for unintentional injuries was over twenty-six million, including 123,706 deaths.

Taking safety precautions and being careful could lessen the chances of encountering an accident but once you do encounter one, there’s nothing left to do but to take measures to minify the damages.  You go to the hospital to cure the physical injuries you sustain.  Or if someone accidentally dies, you need to think of how you will pay for the funeral and burial or cremation costs.  It tends to be expensive.  And since it isn’t expected, this may happen when you are least ready for the financial burden.  This is where personal accident cover comes in handy.

Personal Accident Insurance vs Life Insurance

Some people interchange personal accident insurance and life insurance but they are actually different.  Personal Accident (PA) Insurance is a policy in which compensation is provided in the event of disability, injuries or death caused by an accident.  Personal accident insurance covers death caused solely by an accident while life insurance covers death caused by anything, whether accidental, natural or suicide.  PA insurance is cheaper than life insurance but more restrictive and limited in coverage.

Some Personal Accident Insurance Companies Reviewed

Barclays

Barclays offers two types of individual accident insurance plans: Accidental Death Plan and Personal Accident Plan.  Both are applicable to adults aged 18 to 69.  The Accidental Death Plan is a financial assistance plan with cash benefits.  The Personal Accident Plan is an insurance plan to help you with your financial burden in the event of disability or injury resulting from an accident.

B & CE Benefit Schemes

According to their website, B&CE is one of the UK's largest providers of financial benefits to construction industry employers and individuals.  It offers different financial assistance to help meet the needs of everyone working in a construction, including a stakeholder pension, employee accident cover, employee life cover and employee healthcare.

Saga

Saga offers the same individual accident insurance as Barclays, which are the Accidental Death Benefit and the Personal Accidental Insurance.  The difference is that Saga’s accident cover is only available for adults aged 50 to 89.

For more accidental insurance firms, you may visit this website.