Knowledge

Accident insurance

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insured before the health insurer pays any benefits. In the first half of 2018, almost half of Americans with health insurance had high-deductible plans—defined as plans with a deductible of at least $ 1,350 for an individual policyholder. Without accident insurance, the insured would be responsible for paying that full amount (plus a copayment and any out-of-network costs) themselves before a health insurer began paying for care.
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Accident insurance is part of a category of insurance products designed to manage the cost of medical care. Other types of insurance in this category include health insurance, disability insurance, and accidental death & dismemberment insurance. Accident insurance is part of a category distinct
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With on-demand accident insurance, the policyholder receives coverage the same day they apply for it. In addition, on-demand insurance providers may offer episodic insurance policies, which allow the policyholder to customize the term of the policy (i.e. the duration of coverage). The policyholder
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Accident insurance complements but does not replace health insurance. In the event of an accident resulting in an injury, a health insurance policyholder may still be responsible for out-of-pocket expenses. These may include copayments, deductibles, and coinsurance charges that must be paid by the
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While accidents and their causes vary wildly, the general definition of an accident is an unfortunate incident that happens unexpectedly and unintentionally, typically resulting in damage or injury. Accident insurers may define accidents differently in their specific policies.
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Every insurer maintains a list of events and circumstances that void the insured's entitlement to his or her accident benefits. For example, accident insurance policies may exclude coverage for injuries sustained while the insured was intoxicated or committing an illegal act.
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pays the insured directly if they are injured in a way covered by the policy. However, disability insurance only pays if the injury prevents the insured from working. Accident insurance benefits are paid whether or not the insured misses work as a result of the accident.
109:, often abbreviated as "AD&D", will pay benefits in addition to any life insurance held by the insured. Accidental deaths are the third leading cause of death in the U.S. Some accident insurance policies will include benefits for accidental death and dismemberment. 130:
Group accident insurance plans are those that are created to be sold through an employer or other incorporated organization. They are typically designed and priced for the group as a whole.
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need only pay for coverage for as long as they need or can afford it. Prices generally correspond to the length of the term, with lower prices for shorter terms.
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resulting in injury of the insured. The insured can spend the benefit payment however they choose. Accident insurance is complementary to, not a replacement for,
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Individual plans are designed to cover a single person or family that is not purchasing accident insurance through an organization.
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There Are No Accidents: The Deadly Rise of Injury and Disaster–Who Profits and Who Pays the Price
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where the policy holder is paid directly in the event of an
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Employment Development Department State of California
1301: 226:"FastStats-Accidents or Unintentional Injuries" 133: 101:Accidental death & dismemberment insurance 311: 107:accidental death and dismemberment insurance 318: 304: 230:Centers for Disease Control and Prevention 194:Centers for Disease Control and Prevention 87: 1302: 246: 117: 62:Comparison to other types of insurance 299: 105:In the event of an accidental death, 112: 52: 78: 13: 357:Accidental death and dismemberment 240: 14: 1321: 208:"About Disability Insurance (DI)" 125: 483:Directors and officers liability 218: 200: 179: 161: 1: 325: 154: 1250:Savings and loan association 134:On-demand accident insurance 37: 7: 683:Insurance-linked securities 142: 10: 1326: 372:Total permanent disability 277:(2nd ed.). New York: 41: 1275: 1127: 1112:Health insurance coverage 1052: 836: 665: 607: 536: 455: 407: 377:Business overhead expense 342: 333: 92:Like accident insurance, 513:Protection and indemnity 970:Explanation of benefits 442:Variable universal life 279:Oxford University Press 247:Singer, Jessie (2022). 1107:Health insurance costs 508:Professional liability 963:Out-of-pocket expense 824:Workers' compensation 478:Collateral protection 468:Business interruption 169:"Out-of-Pocket Costs" 1186:Corpus Juris Civilis 275:The Injury Fact Book 253:Simon & Schuster 94:disability insurance 88:Disability insurance 1245:Rochdale Principles 1240:Mutual savings bank 1235:Mutual organization 1220:Cooperative banking 1137:Mesopotamian banker 417:Longevity insurance 118:Individual policies 69:liability insurance 1310:Types of insurance 997:Insurable interest 498:Payment protection 399:Payment protection 149:Accident-proneness 73:property insurance 44:Accident-proneness 20:Accident insurance 1297: 1296: 1142:Code of Hammurabi 1117:Vehicle insurance 1012:Replacement value 904:Actual cash value 868:Adverse selection 858:Actuarial science 832: 831: 764:Kidnap and ransom 737:Extended warranty 384:Income protection 113:Policy structures 53:Common exclusions 16:Type of insurance 1317: 1255:Social insurance 1210:Friendly society 1102:Health insurance 930:Short rate table 678:Catastrophe bond 579:Lenders mortgage 340: 339: 320: 313: 306: 297: 296: 292: 266: 234: 233: 222: 216: 215: 204: 198: 197: 191: 183: 177: 176: 165: 79:Health insurance 32:health insurance 1325: 1324: 1320: 1319: 1318: 1316: 1315: 1314: 1300: 1299: 1298: 1293: 1271: 1267:Insurance cycle 1230:Fraternal order 1123: 1054: 1048: 1007:Proximate cause 1002:Insurance fraud 982:General average 941:Claims adjuster 883:Risk management 878:Risk assessment 842: 839: 828: 794:Prize indemnity 661: 609: 603: 532: 493:Over-redemption 451: 403: 394:National health 335: 329: 324: 289: 271:Baker, Susan P. 263: 243: 241:Further reading 238: 237: 224: 223: 219: 206: 205: 201: 189: 185: 184: 180: 167: 166: 162: 157: 145: 136: 128: 120: 115: 103: 90: 81: 64: 55: 46: 40: 17: 12: 11: 5: 1323: 1313: 1312: 1295: 1294: 1292: 1291: 1288:List of topics 1284: 1276: 1273: 1272: 1270: 1269: 1264: 1263: 1262: 1257: 1252: 1247: 1242: 1237: 1232: 1227: 1222: 1217: 1203: 1198: 1197: 1196: 1182: 1181: 1180: 1175: 1173:Burial society 1163: 1162: 1161: 1155:§235–238; §240 1147:§100–105; §126 1139: 1133: 1131: 1125: 1124: 1122: 1121: 1120: 1119: 1114: 1109: 1104: 1099: 1097:Climate change 1089: 1087:United Kingdom 1084: 1079: 1074: 1069: 1064: 1058: 1056: 1050: 1049: 1047: 1046: 1045: 1044: 1034: 1032:Underinsurance 1029: 1024: 1022:Self-insurance 1019: 1014: 1009: 1004: 999: 994: 989: 984: 979: 972: 967: 966: 965: 960: 955: 945: 944: 943: 933: 932: 931: 928: 916: 911: 906: 901: 900: 899: 894: 885: 880: 875: 870: 865: 855: 849: 847: 834: 833: 830: 829: 827: 826: 821: 816: 811: 806: 801: 796: 791: 789:Political risk 786: 781: 776: 771: 769:Legal expenses 766: 761: 756: 755: 754: 744: 739: 734: 729: 724: 719: 718: 717: 712: 702: 697: 692: 687: 686: 685: 680: 669: 667: 663: 662: 660: 659: 654: 649: 644: 639: 634: 629: 624: 619: 613: 611: 605: 604: 602: 601: 596: 591: 586: 581: 576: 571: 566: 561: 556: 551: 549:Builder's risk 546: 540: 538: 534: 533: 531: 530: 525: 520: 515: 510: 505: 500: 495: 490: 485: 480: 475: 473:Business owner 470: 465: 459: 457: 453: 452: 450: 449: 444: 439: 437:Universal life 434: 429: 424: 419: 413: 411: 405: 404: 402: 401: 396: 391: 389:Long-term care 386: 381: 380: 379: 374: 364: 359: 354: 348: 346: 337: 331: 330: 323: 322: 315: 308: 300: 294: 293: 288:978-0195061949 287: 267: 262:978-1982129668 261: 242: 239: 236: 235: 217: 199: 178: 173:HealthCare.gov 159: 158: 156: 153: 152: 151: 144: 141: 135: 132: 127: 126:Group policies 124: 119: 116: 114: 111: 102: 99: 89: 86: 80: 77: 63: 60: 54: 51: 39: 36: 15: 9: 6: 4: 3: 2: 1322: 1311: 1308: 1307: 1305: 1290: 1289: 1285: 1283: 1282: 1278: 1277: 1274: 1268: 1265: 1261: 1258: 1256: 1253: 1251: 1248: 1246: 1243: 1241: 1238: 1236: 1233: 1231: 1228: 1226: 1223: 1221: 1218: 1216: 1213: 1212: 1211: 1207: 1204: 1202: 1199: 1195: 1194: 1190: 1189: 1188: 1187: 1183: 1179: 1176: 1174: 1171: 1170: 1169: 1168: 1164: 1160: 1156: 1152: 1148: 1145: 1144: 1143: 1140: 1138: 1135: 1134: 1132: 1130: 1126: 1118: 1115: 1113: 1110: 1108: 1105: 1103: 1100: 1098: 1095: 1094: 1093: 1092:United States 1090: 1088: 1085: 1083: 1080: 1078: 1075: 1073: 1070: 1068: 1065: 1063: 1060: 1059: 1057: 1051: 1043: 1040: 1039: 1038: 1035: 1033: 1030: 1028: 1025: 1023: 1020: 1018: 1015: 1013: 1010: 1008: 1005: 1003: 1000: 998: 995: 993: 990: 988: 985: 983: 980: 978: 977: 976:Force majeure 973: 971: 968: 964: 961: 959: 956: 954: 951: 950: 949: 946: 942: 939: 938: 937: 934: 929: 927: 926: 922: 921: 920: 917: 915: 912: 910: 907: 905: 902: 898: 897:Value of life 895: 893: 889: 886: 884: 881: 879: 876: 874: 871: 869: 866: 864: 861: 860: 859: 856: 854: 851: 850: 848: 846: 841: 835: 825: 822: 820: 817: 815: 812: 810: 807: 805: 802: 800: 797: 795: 792: 790: 787: 785: 782: 780: 777: 775: 772: 770: 767: 765: 762: 760: 759:Interest rate 757: 753: 750: 749: 748: 745: 743: 740: 738: 735: 733: 730: 728: 725: 723: 720: 716: 713: 711: 708: 707: 706: 703: 701: 698: 696: 693: 691: 688: 684: 681: 679: 676: 675: 674: 671: 670: 668: 664: 658: 655: 653: 650: 648: 645: 643: 640: 638: 635: 633: 630: 628: 627:Inland marine 625: 623: 622:GAP insurance 620: 618: 615: 614: 612: 610:Communication 606: 600: 597: 595: 592: 590: 587: 585: 582: 580: 577: 575: 572: 570: 567: 565: 562: 560: 557: 555: 552: 550: 547: 545: 542: 541: 539: 535: 529: 526: 524: 521: 519: 516: 514: 511: 509: 506: 504: 501: 499: 496: 494: 491: 489: 486: 484: 481: 479: 476: 474: 471: 469: 466: 464: 461: 460: 458: 454: 448: 445: 443: 440: 438: 435: 433: 432:Unitised fund 430: 428: 425: 423: 422:Mortgage life 420: 418: 415: 414: 412: 410: 406: 400: 397: 395: 392: 390: 387: 385: 382: 378: 375: 373: 370: 369: 368: 365: 363: 360: 358: 355: 353: 350: 349: 347: 345: 341: 338: 332: 328: 321: 316: 314: 309: 307: 302: 301: 298: 290: 284: 280: 276: 272: 268: 264: 258: 254: 250: 245: 244: 231: 227: 221: 213: 209: 203: 195: 188: 182: 174: 170: 164: 160: 150: 147: 146: 140: 131: 123: 110: 108: 98: 95: 85: 76: 74: 70: 59: 50: 45: 35: 33: 29: 25: 22:is a type of 21: 1286: 1279: 1225:Credit union 1191: 1184: 1165: 1037:Underwriting 992:Insurability 974: 953:Co-insurance 923: 919:Cancellation 710:Catastrophic 695:Climate risk 523:Trade credit 351: 274: 251:. New York: 248: 229: 220: 211: 202: 193: 181: 172: 163: 137: 129: 121: 104: 91: 82: 65: 56: 47: 19: 18: 1260:Trade union 1215:Cooperative 888:Uncertainty 747:Index-based 715:Multi-peril 673:Reinsurance 632:Public auto 537:Residential 1055:by country 1053:Insurance 1027:Total loss 948:Deductible 909:Cash value 853:Act of God 838:Insurance 752:Parametric 732:Expatriate 608:Transport/ 574:Landlords' 559:Earthquake 447:Whole life 367:Disability 155:References 42:See also: 1201:Syndicate 1167:Collegium 1062:Australia 1017:Risk pool 987:Indemnity 958:Copayment 892:Knightian 804:Terrorism 774:Liability 642:Satellite 503:Pollution 427:Term life 336:insurance 334:Types of 327:Insurance 38:Accidents 24:insurance 1304:Category 1281:Category 1159:§275–277 1077:Pakistan 925:Pro rata 814:War risk 779:No-fault 690:Casualty 647:Shipping 617:Aviation 594:Renters' 589:Property 584:Mortgage 554:Contents 528:Umbrella 488:Fidelity 456:Business 352:Accident 143:See also 28:accident 1206:Benefit 1193:Digesta 1129:History 863:Actuary 819:Weather 809:Tuition 799:Takaful 727:Deposit 657:Vehicle 1082:Serbia 1042:Profit 914:Broker 840:policy 652:Travel 637:Marine 544:Boiler 518:Surety 362:Dental 344:Health 285:  259:  1178:Guild 1072:India 1067:China 936:Claim 742:Group 722:Cyber 700:Crime 666:Other 599:Title 564:Flood 190:(PDF) 67:from 1151:§234 873:Risk 843:and 705:Crop 569:Home 463:Bond 409:Life 283:ISBN 257:ISBN 845:law 784:Pet 71:or 1306:: 1157:; 1153:; 1149:; 281:. 255:. 228:. 210:. 192:. 171:. 75:. 34:. 1208:/ 890:/ 319:e 312:t 305:v 291:. 265:. 232:. 214:. 196:. 175:.

Index

insurance
accident
health insurance
Accident-proneness
liability insurance
property insurance
disability insurance
accidental death and dismemberment insurance
Accident-proneness
"Out-of-Pocket Costs"
"Health Insurance Coverage: Early Release of Estimates From the National Health Interview Survey, January – June 2018"
"About Disability Insurance (DI)"
"FastStats-Accidents or Unintentional Injuries"
Simon & Schuster
ISBN
978-1982129668
Baker, Susan P.
Oxford University Press
ISBN
978-0195061949
v
t
e
Insurance
Health
Accident
Accidental death and dismemberment
Dental
Disability
Total permanent disability

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