There will always be accidents just waiting to happen, and, believe it or not, us humans are disaster magnets. Even though you might be the most careful person on the planet, you can’t predict what’s going to happen to you once you set foot outside your house. In fact, there are even some accidents that can take place right inside the comforts of your home.
Accidents can AND will happen, and it doesn’t matter if you’re just casually lounging around on your couch or when you’re walking along the sidewalk headed to the local mall. If you’re uninsured, then you’re going to pay all the expenses of treatment from the accident right out of your bank account, and that might even be worse than the actual accident taking place. Financial disasters can prove to be more devastating than many physical, mental, or emotional catastrophes. So to prevent that from happening, you can get personal accident insurance in malaysia.
What is a Personal Accident Insurance?
A personal accident insurance policy will prove you and your family with monetary support in the event of an accident, injury, or death from an accident. Albeit the description sounds very similar to a life insurance policy, personal accident insurance coverage varies from life insurance in two ways: (1) personal accident insurance won’t offer savings or investment benefits that would otherwise go to any death benefit, and (2) personal accident insurance policies are designed to cover financial support from death that resulted only from accidents, and not from natural causes.
What Represent an “Accident” When Talking About Personal Accident Insurance?
Many insurance firms follow the same general characteristics and principles regarding the definition of the term “accident.” For many insurance companies and agencies, they see an accident to be an unforeseeable event that causes injury, harm, or death at the event of the occurrence. However, if the misfortune takes place because of a snowballing effect, then it’s not going to be deemed as an accident. For example, if you’ve been experiencing a nagging pain in the joints of your legs because of arthritis, and you’ve experienced a mishap because of the ache, then it’s not going to be deemed as an “accident’ by insurers because it’s going to be a cumulative scenario.
What Can a Personal Accident Insurance Cover?
Different insurers can offer varying personal insurance features in their offered policies. However, most insurance firms will follow a standard set of coverage when offering their personal accident insurance policies. The incidents that can be covered by this particular policy may include the following: accidental death, permanent total disability, partial permanent disability, temporary disability, medical expenses caused by accidents, medical evacuation, daily hospital cash, and several medical expenses.
How and Where Can I Get a Personal Accident Insurance?
In our world of today, there are now numerous options where you can get a personal accident insurance policy. However, it’s important to practice due diligence with your research because of the different benefits offered by various insurance firms. If you already have an existing insurance policy from one company, then you can make the personal accident coverage as an add-on to your existing policy.
Never take your health and safety for granted because you’ll never know what’s waiting for you in a nearby corner. Safeguard your finances by having a personal accident insurance from a reputable insurer today.