Accident insurance is a form of insurance that provides financial assistance to an individual in case of a physical accident. The spelling of this word can be broken down into its phonetic transcription, /ˈæksɪdnt ˈɪn.ʃʊr.əns/. The stress is on the first syllable of "accident" and on the second syllable of "insurance". The "c" is pronounced as /k/ and the "ci" is pronounced as /sɪ/. The "e" in "accident" is pronounced as /ə/ and the "an" in "insurance" is pronounced as /ɪn/. Overall, the spelling of "accident insurance" follows standard English spelling rules.
Accident insurance, also known as personal accident insurance or accidental death and dismemberment (AD&D) insurance, is a type of coverage that provides financial compensation in the event of an accidental injury, disability, or death.
This type of insurance is designed to protect individuals and their families from unexpected and unforeseen accidents and their resulting consequences. Accident insurance policies typically cover a wide range of accidents, including but not limited to automobile accidents, slip and fall accidents, sporting accidents, and accidents occurring while traveling or participating in certain activities.
Accident insurance policies often pay a lump sum benefit in the case of accidental death or loss of a limb, sight, hearing, or any permanent dismemberment. The policy may also provide compensation for temporary and partial disabilities, covering medical expenses, hospitalization costs, and lost income during the recovery period.
Accident insurance is generally a supplemental insurance that complements other types of insurance coverage, such as health insurance or life insurance. It is particularly beneficial for individuals who are at high risk of accidents due to their occupation or lifestyle, or for those who desire extra financial protection against the unexpected.
While accident insurance can provide valuable financial support in case of accidents, it is essential to carefully review policy terms and conditions to fully understand the coverage limits, exclusions, and possible requirements in order to make informed decisions based on individual needs and circumstances.
The guarantee by a company to pay to the insured a definite sum, either in one payment or weekly during the period of disablement, in case of accident.
A practical medical dictionary. By Stedman, Thomas Lathrop. Published 1920.
The word "accident" derives from the Latin word "accidens", which means "happening" or "occurring". The term "accident insurance" is a combination of the word "accident" and "insurance". "Insurance" originates from the Latin word "assurantia", which refers to a contract or agreement. Therefore, "accident insurance" can be understood as a form of insurance that provides coverage in case of unexpected or unforeseen events or incidents.