USA Accident Insurance, US Accident Insurance, Accident Insurance US

USA accident insurance offers financial protection in case a policyholder sustains a serious injury in an accident. A US accident insurance policy can also provide financial cover to the family in the event of the policyholder’s death in an accident. The policy that includes the death cover is called Accidental Death and Dismemberment (AD&D) insurance. This policy covers a policyholder in the event of a fatal accident or an accident that has resulted in the loss of a limb, eyesight, speech or hearing.

Accidents are the foremost cause of death in the US for people under 45 years of age and are among the leading causes of death for people of all ages, according to the injury facts stated by the National Safety Council in the 2003 edition.

USA Accident Insurance: Types of AD&D

A USA accident insurance policy’s AD&D plan is similar to life insurance as both of them protect the family in the event of the premature death of a policyholder. However, the AD&D is limited to accidents and is, thus, less costly. This policy can be bought by individuals or groups.There are four types of group AD&D plans:

Group Life Supplement: This type is included in a group life insurance contract. The benefit of this insurance is usually the same as that of group life.

Voluntary: This policy is offered to members of a group in the form of a separate, elective benefit. The premium is generally paid by group members and can be paid by a business through payroll deduction.

Travel Accident: This policy is applicable if members of a group are going on a business trip. The premium for this AD&D policy is paid by the employer and the benefit is provided in the form of an employee benefit plan.

Dependents: This type of policy also provides cover for the dependents of the policyholder.

USA Accident Insurance: Exclusions of AD&D Coverage

The AD&D insurance policy does not cover a policyholder if he has died:

During surgery

From any bacterial infection

As a result of hernia

From mental or physical sickness

From a drug overdose

Several policies do not take into account death occurring from dangerous activities such as car racing and skydiving. It is thus important to read the policy documents careful while buying USA accident insurance.