Understanding Accident Insurance: What Does It Cover?

The world of insurance can be complex. Understanding the various types of insurance and which options are best for you are the first steps toward better support. Accident insurance coverage can be a great addition to anyone’s coverage goals because accidents don’t discriminate against whom they impact. Here’s what accident insurance coverage is, what an accident insurance plan covers, and the benefits this type of plan offers.

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Table of Contents

What is accident insurance?

Accident insurance is a supplemental policy that aims to help provide support amidst life’s most unexpected moments. It’s important to note that most of the time one must own a major medical plan to access supplemental accident insurance. Accident insurance works with your primary health insurance plan to help with the costs that can accompany an unexpected covered accidental injury.

It’s not uncommon for your major medical insurance plan to leave you with high out-of-pocket costs. Supplemental accident insurance helps provide peace of mind when new and unexpected injury costs pop up.

What does accident insurance help cover?

Every accident insurance plan is different, so you’ll need to take a close look at all of the plans you are considering. However, Aflac’s accident insurance plan helps cover a variety of services from emergency situations to more common accidents. It can help with treatments and procedures needed to restore your health from an unexpected covered accident. There can be a great deal of treatment fees that exist outside of hospital bills. Aflac pays you cash benefits directly (unless assigned), which can be used however you see fit.

If you have additional questions about what accident insurance covers, you can always reach out to an Aflac agent for more information. Plans have limitation and exclusions.

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What does personal accident insurance cover?

It’s important to note that there are personal and group accident insurance plans available at some organizations, including Aflac. The specific coverage options vary from company to company, but you may be able to expect the same coverage in both personal and group accident insurance plans.¹

How much does accident insurance coverage cost?

Like many of Aflac’s supplemental insurance plans, accident insurance costs are relatively low and fit into most budgets.

For example, a broken arm or leg can cost thousands of dollars.² Your major medical insurance plan may pay for a certain percentage of treatments and services required, but not all. Applying for an accident insurance plan at a low monthly cost can help offset any out-of-pocket costs you may be expected to pay after a covered accident occurs.

Benefits of getting accident insurance coverage

Accident insurance coverage offers a variety of benefits, including:

Helps provide an extra layer of protection: Accident insurance can help fill the holes that your primary insurance may not cover, helping with accidents big or small. These plans can help offer coverage for a wide range of costs associated with the covered accident at hand.
The benefits can help cover out-of-pocket expenses: In addition to helping cover directly related services and treatments, you may be able to use your accident insurance benefits to help pay for everyday expenses, like groceries, rent, and utilities.
Help gives you peace of mind: Unfortunately, we can never know if an accident will happen. Having accident insurance coverage helps provide greater peace of mind amidst uncertainty.

Do I need accident insurance?

Now that you know how accident insurance works, you may be wondering whether it’s right for you. Here are some instances where getting a policy may make sense:

You’re the primary wage earner: If you’re the primary wage earner in your family, a personal accident insurance policy can help provide financial protection in the event of an accident, helping to ensure your family's financial stability during your recovery.

You have a high-risk occupation: Individuals working in high-risk occupations, such as construction or emergency services, should consider a personal accident insurance policy. Having coverage can help mitigate the financial impact of injuries that may occur on the job, especially when traditional health insurance may not cover all related costs.

You drive frequently: If you commute or drive regularly, a personal accident insurance policy can help provide additional protection in case of accidents on the road.

You’re self-employed: Self-employed individuals who can’t get group accident insurance through an employer may benefit from an individual plan. This can help ensure they receive the coverage they need in case of an accident.

Other types of supplemental coverage

In addition to accident insurance, here are some other types of supplemental coverage Aflac offers that can help give you peace of mind:

Hospital insurance: Hospital insurance from Aflac offers a payout that covers expenses related to hospital stays.

Critical illness insurance: Aflac’s critical illness insurance policy provides a lump-sum payment upon diagnosis of specified critical illnesses, such as cancer, heart attack, or stroke, to help cover medical costs and living expenses.

Short-term disability insurance: Aflac short-term disability insurance offers income protection for a limited period if you’re unable to work due to a covered injury. You may receive a portion of your salary for a duration of time.

Aflac offers accident insurance coverage

With accident insurance, you can receive the financial protection you need in case you suffer a covered injury. Now that you have a better idea of what accident insurance helps cover, you may want to explore Aflac accident insurance more in-depth. Chatting with an agent and getting a quote can help you visualize the entire process.

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