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What is the name of the type of insurance that protects a person in the event of a certain type of accident such as an automobile accident or a plane crash?
Wiki User
∙ 12y ago
I believe that you are referring to an accident policy. There are also some that state they will only payout if you die while traveling on public transportation. In my opinion, accident policies are not worth the cost even though it is usually small. You are better off taking the money and purchasing as much life insurance as possible instead of the accident only policy. Life insurance will pay no matter how you die and it is money you can count on your family getting. You don't have to die in the right way to protect your family. What if a commuter train you are own crashes but you survive the crash only to die a few minutes later from heart failure. The accident policy will not pay but the life insurance would pay and without any problem.
Wiki User
∙ 12y ago
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Are there any motorist insurance programs in Pennsylvania that I may apply for?
Simply stated, automobile insurance is a contract between you and your insurance company that protects you against financial loss if you are in an accident. Auto policies contain a variety of coverage's that can be purchased depending upon your needs and wants. You agree to pay the premium, and in return, the insurance company agrees to pay for certain expenses as defined in your policy. Having the right insurance coverage may prevent you from suffering a large financial loss in the event of an automobile accident.
What is the monthly accident insurance cost for a healthy man that is 31?
Accident insurance is typically very cheap because it restricts coverage to a claim involving death resulting from an accident which has a low statistical probability. Whether or not a man is "healthy" is of no relevance for "accident insurance". There are actuarial tables available that show the chance of death by accident by age and gender. If you are asking about "accident insurance" that will replace your income if you are hurt in an accident, that is typically very cheap as well. I am certain that you can get instant online insurance quotes for "accident insurance" if you use a search engine to seach the phrase "buy accident insurance"
When is it wise not to report to insurance company?
never, even in the case the accident falls under a certain limit you should report the accident to allow your insurance company to protect you and itself.
What is a limited lines insurance agent?
The Automobile Insurance Agent is authorized to transact automobile insurance of the following types only as defined in Section 660, which consists of the following: 􀂾 private passenger or station wagon-type motor vehicles (with certain limitations); 􀂾 four-wheel motor vehicles within a load capacity of 1,500 pounds or less (with certain limitations); and, 􀂾 motorcycles.
What does the statement, "insurance life no physical term" mean?
It would mean you could get term life insurance with no medical exam. Term life insurance only protects you till a certain age.
What exactly is dog insurance?
Dog insurance is pretty much exactly what it sounds like. If you have pet insurance, you can be covered for if your pet is ill or is hurt by an accident. A certain amount of cover is given if you have the insurance plan.
Can you sue your car insurance if you caused the accident and you do have injuries?
if you made the accident(specially if it prove you did it on purpose) it is almost certain you will lose the lawsuit and even get sued yourself for fraud
What is the difference between an occurrence and an accident on an auto insurance policy?
In some instances these can be interchangeable but in certain cases they are not. For example, an accident can be an occurrence but a tree falling on a parked vehicle while it is an occurrence, it is not an accident. I hope this helps you.
What is a limited lines agent?
The Automobile Insurance Agent is authorized to transact automobile insurance of the following types only as defined in Section 660, which consists of the following: 􀂾 private passenger or station wagon-type motor vehicles (with certain limitations); 􀂾 four-wheel motor vehicles within a load capacity of 1,500 pounds or less (with certain limitations); and, 􀂾 motorcycles.
How can one reduce the insurance cost?
The insurance cost can typically be lowered by avoiding accidents that require insurance payments for an extended period of time. After a certain amount of time has passed without an accident, the insurance cost should go down.
Will insurance cover accident with suspended license?
Probably not. I am certain that somewhere in your policy there's a clause stating that you can not drive while your license is suspended.
If you have Term Life Insurance do you need to purchase Personal Accident Insurance as well?
I like the following answer. Check with your state insurance commissioner and get the brochure. Read about the exclusions. At last count, it was at 15. I always advise: stay away from accidental death. Too many variables. Too many chances for the insurance company to not pay, and too few for the survivor to collect.-------------------------No. In fact there have been studies that clearly show accidental death insurance is nothing more than a profit maker for the insurance companies that sell it. Very few people die in an accident. If you need insurance buy insurance, but don't ever count on accident insurance to meet your familes insurance needs.AnswerTerm Life insurance is usually low cost and therefore does not include coverage against personal accident insurance. You will need to purchase Personal Accident Insurance separately. Certain whole life policies may ride personal accident insurance. You would need to shop around for free riders like this. Make use online insurance companies who can easily help you search for these.
