Personal
Accident Insurance
You can insurance your body against risks and
personal injury
You may well already have Personal accident cover
without you even knowing it !
In the UK Personal Accident Insurance PAI is
most often sold as a bolt on option or risk to
a variety of insurance policies and it is highly
likely you have some form of PAI cover operating
for you at this moment without you realising it.
Before you rush out and buy PAI you should consider
the elements of cover that you may already have
under the policies listed below, and also assess
your own individual risk - after all, most accidents
which cause injuries are a result of the type
and number of risks to which we all expose ourselves.
The following policies may afford some level
of personal accident insurance. You should check
the extent of the cover and the limits of indemnity
(what they'll pay out for in event of a successful
claim)
1. Your Car
Insurance policy. All car insurance policies
in the UK, by law, include personal accident and
injury cover for yourself and third parties for
any accident involving you and your car..
2. Your
Home Insurance policy. Depending upon the
extent of cover you may well have bodily injury
covered under the basic home contents cover or
included seperatly as an additional risk. You
should check the wording and policy exclusions
for any personal accident insurance cover which
may be included.
3. Any PAI policy you bought as a condition of
your Mortgage or may be included combined with
endowments etc.
4. Check your Credit Cards - many offer PAI as
a benefit!
5. Travel Insurance - All travel insurance policies
contain a large element of PAI. If you have purchased
annual travel insurance or have this included
under a 'gold credit card ' for example, you should
check the limits and benefit levels.
6. Any Life Insurance policy that may contain
a personal accident and injury insurance section.
7. Your Work - Many employer, particularly in
the state sector offer group personal accident
cover.
8. Your Lifestyle. Many organisations or clubs
you may belong to provide basic personal accident
and injury cover, specific to the risks that the
organisation is exposed to. For example, the local
football team will have a basic level of PAI cover
in place under their FA compulsory for members,
football
insurance scheme. This minimum level of cover
will not however protect you should you have a
serious injury, and you should seriously consider
purchasing both sports
personal accident insurance cover and some
income protection or other ASU product to cover
your lifestyle costs. Clearly you need to assess
the risks that both your job and lfestyles exposes
you to and arrange adequate cover to recompense
you should the worst occur.
Most personal accident policies only pay out
a fixed sum in event of injury to specific parts
of your body. more importantly it is wise to take
provision for your future and to protect your
lifestyle should you become incapacitated.
To provide cover for these lifestyle
threatening events we offer Personal Accident
Lifestyle Cover for
income protection
mortgage
payment protection
loan payment protection
The premium you pay will depend on the amount
of cover you need, the type of cover you choose,
how long you want to wait before you receive benefits
and how many months you would like the policy
to pay out for.
Injury Insurance
Personal Injury insurance policies are mainly
designed to cover losses to your body parts and
some elements of the above. Sports
Accident insurance provides protection
if you are injured playing amateur sports
Private health insurance
contains elements of the above but is mainly
designed to cover the costs of hospitalisation
and treatment of injury and disease.
Cover is provided for personal accidents leading
to injury and disability, sickness or illness
leading to disability and inability to work and
unemployment.
Additional risks such as the cost of long term
illness or death are covered by critical
illness cover and life
assurance respectively.
Many people will require a combination of the
types of protection policies available here, depending
upon individual assessment and exposure to risks.
All policies can be extended to cover other family
members, which often reduces the overall cost
of accident protection.
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