You may have heard of personal accident insurance and never quite understood what it was. Quite simply any type of personal accident insurance in the UK will provide a payment for you should you suffer an accident while the policy is in place. The payment will normally be paid in installments depending on your injury and the financial losses you are suffering. Personal accident cover has been designed to provide financial help if you have a serious accident or injury, or if you suffer a fatal accident to support the loved ones that you leave behind.
How does personal accident insurance in the UK work?
To obtain personal accident cover you have to pay a monthly premium which usually remains the same throughout the policy. As a result you will receive a cash benefit if you have an accident or receive a serious injury during the policy term. The cover also helps to ensure your family are provided for if you have a fatal accident.
Personal accident insurance in UK the usually covers you wherever you are in the world although conditions may apply and you don’t normally need a medical to obtain one. There is also an option of adding your children to the policy but you should read the small print as this may affect the overall cover you can get
Premiums need to be paid as with any form of insurance on a regular basis or your policy will lapse and you will not be covered. It pays to remember that if you cancel the policy you will not be able to get the premiums reimbursed.
Some important points to consider.
As with all forms of insurance, there are points that you should consider before taking on the policy. There are also instances where you may be refused cover, or situations in which your cover will be void these include.
If your injuries are a result of sickness or disease
- If you deliberately or recklessly expose yourself to danger
- If your injuries are sustained while you’re under the influence of alcohol or certain drugs
- If your injuries are self-inflicted or if you attempt to commit suicide
- If your injuries are sustained while you’re committing or attempting to commit a crime
- Stress fractures, sprains and strains.
What if I have an accident that was not my fault?
Even if you are covered by personal accident insurance in the UK you are still legally entitled to make a compensation claim following an accident that was not your fault. To do this you should contact a personal injury lawyer who will handle the claim on your behalf. In the first instance you should speak to an experienced legal team such as Accident Advice Helpline. They have a twenty four seven helpline on 0800 689 0500 (0333 500 0993 from a mobile). You call will be answered and advice given without obligation and will give you an understanding of your rights as a claimant.
Call today and find out more about personal accident insurance in the UK.