Accidental Injury Insurance Key Terms

Get the right coverage when you learn accidental injury insurance key terms

Because accidents can occur at any time and you can never be sure you'll sustain an injury that's easy to recover from, purchasing accidental insurance plans is an excellent idea, especially for small-business owners. These plans can supplement income, cover out-of- pocket costs and even pay for medical expenses not covered by standard policies. Purchasing accidental injury insurance presents certain challenges, especially if you're not familiar with insurance jargon. Learning key terms related to accidental injury insurance can help you choose the right plan.

 

Expenses

Expenses you incur from an accident are different from those you would expect to incur from damage to your property.
Try: Conseco identifies the kinds of expenses that most people experience from accidental injury. It also offers tips on how to cover out-of-pocket expenses.

Employee benefits package

The employee benefits package offered by most insurers usually allows workers to choose between family or stand-alone coverage.
Try: Go to Colonial Life and Accident Insurance to find out what a typical employee benefits package from any insurer consists of. 

Income protection plan

Insurers offering accidental injury insurance usually include an income protection plan as part of the package. These plans allow you to collect a reduced amount of your usual income while you are recovering.
Try: Personalized Health Insurance can help you understand how income protection plans work. 

Exclusions

Any insurance plan will specify in advance the situations, or exclusions, that the insurer refuses to provide coverage for.
Try: The American Bar Endowment details the usual list of exclusions that most insurers identify in their accidental injury insurance plans.

Enhanced coverage

Accidental injury insurance plans usually offer enhanced coverage protection to veterans or union members.
Try: To get an idea of what enhanced coverage on a plan for accidental injury insurance looks like, visit Union Secure, which lists six enhanced benefits offered to qualified purchasers. 

International travel accident insurance

As the name implies, high-limit travel accident insurance covers you or a family member in the event of death or dismemberment that occurs when you are traveling internationally.
Try: If you're not familiar with international travel accident insurance, check out the plan description at the Travel Insurance Center.

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