Should I Buy an Accidental Insurance Policy?
When the work is worth it, a hard day’s work can be very satisfying. Working for a good cause can be especially rewarding, so it’s not surprising that so many people across the country volunteer their time and energy.
nationalservice.gov says that in 2018, 30.3% of people volunteered. And three out of ten people will tell you that there are benefits to volunteering. Helpguide.org says that volunteering has a lot of benefits that can make people happier and healthier, such as making people feel connected to others, being good for the mind and body, advancing careers, and adding fun and meaning to life
If you give up your time to help others, you should think about your own safety and be ready for anything that could happen. The Bureau of Labor Statistics says that between 2003 and 2007, 287 volunteer workers were killed on the job. 3 And organizations offer volunteer workers’
compensation coverage in different ways because “there are significant differences in how states handle workers’ compensation coverage for volunteers,” according to environmentalsafetyupdate.com4.
So, before you volunteer, check with the organization you’re giving your time to and see what kind of coverage they have for volunteers. You might want to think about getting individual accident insurance in case you get hurt while volunteering.
Depending on the policy, accident insurance can help pay for your medical bills or give money to your family if you die in an accident. Accidents can happen anywhere and at any time, whether you’re volunteering or not. It’s always best to be ready. If you have any questions about accident insurance, contact a licensed insurance agent.
According to a report by the National Safety Council, accidents are now the third leading cause of death in the United States. The study also found that an American gets hurt by accident every second and dies by accident every three minutes, such as from a drug overdose, a car accident, a fall, drowning, or something else that could have been avoided.
Almost everyone agrees that accidents happen in life. Even though accidents are hard to predict, Americans can get coverage to make sure they are ready for the next one.
As with any insurance, an accident insurance policy can get quite complicated, so it’s important to be very careful when shopping for and applying for one. Don’t forget:
Make sure you know all of the rules. Look over the list of accidents and injuries that are fully covered.
Don’t hide anything on your application. Any application should require you to tell the truth about your health history. If you don’t tell the truth about something, your claim could be turned down.
Make sure that the policy you buy doesn’t affect your insurance at work. Some accident insurance policies may not pay out your claim if you are eligible for worker’s compensation.
Some people might not need accident insurance. Before you buy a policy, think about how you live, what you do for a living, how much money you have, and what you need. If an accident would make it hard for you to pay your bills, you might want to talk to a licensed insurance agent about getting the coverage you need.
helps you get ready for what’s coming
If you live an active life, have a dangerous job, or do things like horseback riding or rock climbing that could hurt you, an accident insurance policy can help cover the costs of injuries that could happen at work or at home.
Helps pay for costs you have to pay on your own.
Accident insurance can help pay for things like rehab, therapy, medications, and other costs that may not be covered by your main insurance.
if you don’t have money saved up.
A survey by Bankrate found that 63% of Americans wouldn’t be able to handle an emergency that cost $500. If you get hurt by accident, you could go into debt if you don’t have accident insurance.
You work for yourself or as a contractor.
A contractor or someone who works for themselves may not be able to get private insurance in many of these situations. In this case, an accident insurance policy and marketplace insurance would work well together to give the worker the coverage he or she may need.
are appealing parts of many policies for accident insurance. These payments are made if you get a permanent injury like going deaf in both ears, losing your eyesight, or having a limb amputated.