Accidents, such as road accidents, rail accidents and other unfortunate incidents, can happen without prior warning. These accidents can result in critical injuries that require immediate and sometimes prolonged medical attention.
This will result in expensive medical bills. That is why having personal accident insurance can help reduce the financial burden. But the question is, does personal accident insurance cover only road accidents?
Table of Contents
What is Personal Accident Insurance?
Personal accident insurance is a type of insurance plan that provides coverage during accidents. The aim of personal accident insurance is to provide financial protection to policyholders and their family members in the event of an accident.
The plan will cover a range of accidental injuries, such as accidental death, medical expenses, disability benefits, ambulance charges and much more.
Buying personal accident insurance is easy. You can either purchase it as a standalone policy or you can add personal accident cover in your individual health insurance plan. This will help in offering comprehensive protection in the event of accidents and other medical crises.
Does Personal Accident Insurance Cover Road Accidents Only?
No, personal accident insurance does not cover road accidents. The plan offers coverage against a variety of accidents, such as:
Accidents at Home
In addition to road accidents, personal accident insurance also provides coverage for mishaps that occur within the home. These can include common incidents such as burns from cooking, slips and falls in the bathroom, injuries from electrical shocks, or accidents while using household equipment.
Workplace Accidents
Injuries during the workplace are also common, especially those involved in physically demanding jobs such as construction, logistics, manufacturing, etc. The plan will offer financial protection against such injuries, covering medical expenses, disability and loss of income due to temporary or permanent incapacity.
Accidents During Travelling
Personal accident insurance also covers accidents that happen while travelling via air, rail and waterways. The policy includes coverage for medical expenses resulting from such travel-related accidents.
Accidents That Are Not Covered Under Personal Accident Insurance
Some accidents are not covered under personal accident insurance plans, such as:
Accidents Due to Criminal Activity
Personal accident insurance will not offer coverage if the injury or accident occurs as a result of involvement in criminal activity or unlawful acts.
Accident Due to Substance Abuse
Personal accident insurance typically excludes coverage for injuries sustained while under the influence of alcohol or drugs. Any accident resulting from substance abuse is not eligible for claims.
Accident Participating in Adventurous Sports
Injuries sustained during high-risk or adventurous activities such as skydiving, bungee jumping, or motor racing are usually not covered under standard personal accident insurance.
Conclusion
Personal accident insurance covers a variety of accidents apart from road accidents, such as accidents that occur at home, offices, while travelling, etc. Having a plan offers comprehensive coverage to policyholders against such scenarios.
However, to know what is covered under a personal accident insurance policy, it is best to read the policy’s terms and conditions.