While an accident insurance policy can’t stop accidents from occurring, it can cover some out-of-pocket costs due to an accident.
Suppose your family heads out on a bike trip because you want to take advantage of the sunny day. After several miles, one of your kids falls off their bicycle. Now you are driving to the hospital and expecting many medical bills. Accidents happen all the time, regardless of whether you live risk-free lives. While an accident insurance policy can’t stop accidents from occurring, it can cover some out-of-pocket costs due to an accident. Learn what an accident insurance plan can do for you and your family.
Accident Insurance Can Cover Daily Injuries
Even though some people may think accident insurance is only necessary if you are accident-prone or work a dangerous job, the policy can cover daily accidents such as broken bones or burns. Your accident insurance policy may also include coverage for your children. Sometimes, an accident insurance policy will cover what health coverage does not. Some accident plans might pay for accident expenses even if medical insurance helps pay for other expenses.
The benefit money you receive from the insurance can be used for personal expenses such as daycare, car payments, or even groceries. In other cases, your accident insurance policy can pick up where medical insurance coverage leaves off. Some accident insurance plans can pay you or your loved ones a lump sum for an accidental death or injury, providing some financial assistance during a difficult time. Overall, knowing how your plan works will help you avoid surprises.
Save Costs with an Accident Insurance Policy
Fortunately, accident insurance is one of the most affordable insurance types you can get. While availability and prices vary depending on where you live in the United States, you may typically take out an accident-only policy for between $5 and $20 monthly for one person. For any questions about obtaining an accident insurance plan, contact Malden Solutions at 410-435-4937.
Accident Insurance Works Fine with Certain Types of Supplemental Insurance
Suppose you fall and hurt yourself very badly that you must miss work. If you have disability insurance, you will receive a monthly amount when you are injured and unable to work. You will also get a lump sum if you also have an accident insurance plan. While accident insurance policies are not the same as health insurance, they can help cover certain accident-related healthcare expenses, like deductibles and the cost of specific treatments that health insurance might not cover or might only partly cover.
Find the Right Health Insurance Solutions for Your Needs
Malden Solutions has a wealth of expertise in providing employer insurance solutions, HR solutions, and individual insurance solutions to businesses both big and small. Our team of seasoned professionals can help you navigate the rapidly changing world of insurance with ease. We partner with businesses and individuals throughout the country to provide our dedicated services for employee benefits but also work within our surrounding communities in Maryland, Northern Virginia, and Washington, D.C. Contact us today to learn more about how we can provide effective, dynamic solutions for your business. Stay connected with us on Twitter, Facebook, and Linkedin