Accident Insurance

Accident Insurance Policies

Chicago Insurance Advisors

Every year, there are millions of people involved in accidents. No one ever really thinks about ever being involved in an accident. People do, however, recognize how great an impact a large, unexpected bill can really have on a budget. Each year, 30 million people are involved in an accident.

What is Accident Protection?
Are you financially prepared to handle the burden of out-of-pocket costs associated with an accident? Accident insurance plans help people address the many financial challenges that can result from an accident. The plan covers injuries, death and disability claims resulting from violent or other types of events.

How Does it Work?
This type of plan is different from an employer or regular medical insurance plan. A claim request is submitted to determine whether or not an accident is covered. The major medical plan is responsible for covering a portion of the costs. The person is responsible for other costs not covered under the original plan. The policy can be used for sprains, broken bones, car accidents and allergy-related incidents. There is no waiting period or a lifetime limit. A person can choose to seek care with any provider in or outside of their network.

The Policy Covers:

  • Death
  • Accidental dismemberment
  • Speech
  • Sight
  • Hearing
  • Thumb, index finger
  • Paraplegic, quadriplegic and hemiplegic accident

Who Should Get Accident Coverage?
The reality is any person can end up in an accident and have unexpected medical costs. People who are reluctant to exhaust their medical insurance benefits can choose to use their accident insurance instead of the accident plan. If a person feels unable to cover any gaps, an accident plan can give a person peace of mind. Someone who does not want to handle any out-of-pocket costs like deductibles may utilize this type of plan.

If a person accepts a job or is in transition and lacks coverage or has a waiting period, this type of plan can be a good fit because it’s immediately available. There are a range of affordable protection options available. Individuals can have access to the coverage and prevent any unexpected out-of-pocket costs. Some employers offer this coverage option to their employees while others can choose to seek out coverage independently.

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