What does accident insurance cover?

Accident insurance is designed to offer financial protection against damage suffered by a person as a result of an accident, whether work-related or not.

What does accident insurance cover? Generally, the basic guarantees that are usually included are compensation for death and permanent disability caused by an accident.

This basic cover ensures that, in the event of a serious accident that causes the insured person's death or permanent disability that prevents him from performing his/her usual activity, the beneficiaries or the insured person themselves receive the financial compensation agreed in the policy.

In addition, many policies accident insurance include optional complementary guarantees that extend the protection. The most common include:

• Immediate medical assistance and health care after the accident.

• Compensation for temporary disability, if the insured person cannot work for a specific period.

• Compensation for hospitalisation, which covers the period of hospital admission after the accident.

• Reimbursement of medical expenses arising from the accident, including treatments, therapies or rehabilitation.

• Assistance services, such as medical transport or home assistance.
   

What does accident insurance cover in terms of compensation?

Depending on the guarantees taken out, the insurance can provide different compensation methods:

• Compensation in the form of a single capital payment, paid to the beneficiaries or insured party after the claim.

• Payment of a daily income during the period of temporary disability or hospitalisation.

• Provision of assistance services that facilitate recovery or day-to-day support.

It is important to carefully review the conditions of the policy to understand what the accident insurance covers in each case, since the cover may vary depending on the company and the product taken out. In short, this type of insurance offers financial peace of mind and support in the event of unexpected situations resulting from accidents, allowing the insured person and their relatives to face the consequences with greater security.