Accident insurance: necessary but little known

In this post we will address all you need to know about insurance as classic accidents and provides many solutions.

Accident insurance, although present in the lives of many people and is a very useful and necessary insurance is not currently one of the most famous, or popular, as may be the case of car, home or health - among most of the population in our country.

It is important to focus on the most important issue in this insurance is nothing but the cause of the accident. The set of reasons that can lead to compensation in the event that we hired a policy of this branch. That way we will become to the idea of ​​the coverage offered by this type of insurance.

First the fundamental definition, what is meant by accident ?, is best to go to the SAR, and its dictionary defines how accident: 2 m. casual or involuntary action resulting damage to persons or things happening. Accident insurance.

Po its part, the Law of Insurance Contract defines accident in article number 100, for the purposes of use in insurance this way: "It is understood by accident bodily injury resulting from an, external and alien sudden violent cause intentionality the insured, which produces temporary or permanent disability or death. " Thus they are specified the causes that give insurance companies consider an incident in which his client has been involved is liable for compensation.

Another important factor to review is the fact that accident insurance does not concern only the personal or professional level, but their coverage applies to both whenever characteristics caused incident fit the clear definition of the insurance legislation.

However, taking into account the work of insurers to tailor insurance to customers and achieve maximum customization, the insured can choose which field affects the accident policy to sign. Maybe protect only interested in the professional field or vice versa, or perhaps is only interested in covering the possibility of an accident in a very specific aspect. Companies increasingly offer possibilities to its customers to personalize their respective contracts.

Inclusions exclusions

We now inclusions exclusions. Excluded from the scope of protection of accident insurance, for example, those caused intentionally by the insured in order to collect the compensation, and that this may have occurred before the signing of the contract or those in which you may be involved in case of expiration, non-payment or non-renewal.

However, there are other exclusions that at first sight are not so obvious. This is the case of bodily injury to the insured may have occurred in a legal strike, a demonstration or even in an armed conflict if the case arises. These possibilities are not included within the coverage of accident insurance.

Also worth noting that in the case of traffic accidents, they have their own area in car insurance, but can be complementary personal accident insurance we have hired. The exception is for the case of motorcycles and mopeds, driving over 50 cc. and their companions, these accidents are excluded unless agreed in the policy.

From cause to effect

Of course, accidents that have not had a major effect on the health of the insured does not fall under the compensation. Because this insurance, in addition to the causes, the effects are detailed.

And we talk about serious effects, either death (thus the insurance company should compensate the beneficiary that the customer has designated the time of signing the contract) or disability, whether temporary or permanent, or partial type and total. In the event of partial disabilities guy, a lot of situations that reflect the scale called injuries and compensation percentages are contemplated.

It should also be noted that the costs of hospitalization or health arising from the accident also be covered with an insurance policy of this type can choose certain quantities. It is always good to consult with a professional to set coverages and limits most suitable for us.