Personal Accident Insurance – Why it pays to be covered
In December, it was revealed that the biggest personal accident insurance payout ever would be triggered following Carrie Fisher’s death. The Hollywood star had been insured for an eye-watering £41 million by Disney, to protect the company in case she couldn’t complete three planned Star Wars films. Although one of the films, the Force Awakens, has already been released and she had completed filming for Episode VIII, due for release at the end of this year, there was one further film that she was expected to appear in, which will now need to be rewritten.
Whilst you might not be an essential cast member of one of the world’s biggest movie series, personal accident insurance can be just as important for peace of mind for you and your loved ones. Good news or bad news: none of us know what the future will bring. We hope that you’ll stay safe and well, but if the worst does happen, having the right personal accident insurance can help you and your family to cope.
Why take out personal accident insurance cover?
How would you and your family manage financially if you had an accident that left you unable to work or dead? Unforeseen events can change life for you or your family forever, but taking the time to plan ahead now can make it easier to get things back on track.
Personal accident insurance is designed to help ensure a financially secure future whatever happens. It compensates you if you are hurt or die, paying out set amounts for certain injuries sustained. These sums of money can mean you can still pay the mortgage or other essential bills even if you’re left unable to work. And it could help to pay for any adaptations to your home or changes that might be needed to ensure you continue to live a fulfilling life.
What does personal accident insurance cover?
Personal accident insurance can be tailored to your individual needs and budget. The amount of money you receive in the case of an accident will depend on the level of cover you take out.
As a general rule, the most basic level of personal accident cover includes:
- Permanent Total loss of Sight in One or Both Eyes
- Permanent Total Loss of Hearing in Both Ears
- Permanent Total Loss of Speech
- Permanent Total Disablement
- Loss of One or More Limbs
- Death
If you want extra reassurance, you can extend your cover to include accidents that result in temporary disablement or an illness that affects your ability to work. Talk to your broker for more advice on the right level of cover for your needs.
Who is personal accident insurance for?
Anyone can suffer an illness or an accident, so personal accident insurance could be considered prudent financial peace of mind for everyone. However, anyone who is self-employed might consider it an essential as you will not have a company sickness absence policy from an employer to fall back on. Or if your company only offers a basic sickness absence, personal accident cover will give you extra peace of mind. And there are some people who are at greater risk of accidents who could also consider this insurance an essential. This includes:
- construction workers – working on dangerous building sites where accidents can be common and serious
- agricultural workers – working with dangerous machinery
- taxi, bus or lorry drivers – who are at greater risk of suffering a road accident due to the increased amount of time spent behind the wheel
- anyone who enjoys sports, from amateur football to horse riding
Who can be covered by personal accident insurance?
You can cover yourself and your family members, including partners or children, for added peace of mind.
Flexible insurance cover to suit your needs
Everyone is different and so is personal accident insurance. You can choose the level of cover you want to suit your budget and personal situation. That puts you in control now and if something goes wrong in the future.
Great value personal accident insurance
If you’re looking to take out personal accident insurance or want to get a better quote for your cover, call our expert team at Park Insurance. We have over 30 years of experience helping people to get the right level of personal accident cover to met their individual needs, with no nasty shocks in the small print. We negotiate directly with some of the UK’s leading insurance companies to secure you a great price on reliable insurance that you know you can count on if the worst does happen.
Call us on 0117 955 6835 or get a quote now.