{"id":1498,"date":"2019-06-17T13:21:19","date_gmt":"2019-06-17T18:21:19","guid":{"rendered":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/?p=1498"},"modified":"2023-10-18T14:41:00","modified_gmt":"2023-10-18T18:41:00","slug":"do-i-really-need-accident-insurance-to-cover-my-expenses","status":"publish","type":"post","link":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/do-i-really-need-accident-insurance-to-cover-my-expenses\/","title":{"rendered":"Do I Really Need Accident Insurance to Cover My Expenses?"},"content":{"rendered":"
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No one likes to think they will suffer a serious accident that prevents them from working. The facts are, however, that over one million Americans suffer a serious fall-related injury every year, most of which happen in or around their homes. Still others experience accidents related to burns, unintentional poisoning, guns, sports mishaps and other calamities.<\/h2>\n

The Centers for Disease Control and Prevention estimates that 68.2 million Americans visit a doctor to treat accident-related injuries each year. When these accidents are very severe leading to back, spinal cord injuries, head, neck, brain, or eye injuries, bone breaks or even paralysis, and an individual can\u2019t work, the consequences can be particularly devastating.  And, it\u2019s not just one\u2019s health that suffers. As unexpected medical expenses mount, many Americans begin missing payments on their bills. These can spiral out of control, damaging their credit rating and, in the worse case scenarios, leading to a personal bankruptcy. That\u2019s why you really do need accident insurance. It is form of vital financial protection that covers expenses stemming from a variety of accidents except typically, those stemming from reckless or dangerous activities, substance abuse, self-inflicted injuries, injuries that occurred during the commission of a crime, or injuries related to a disease or chronic illness.<\/p>\n

What is the Financial Impact of a Serious Accident?<\/h3>\n

Consider the costs associated with a broken leg, for example. From x-rays to placing the bone in a cast, the costs easily exceed $10,000. Add to this figure other potential expenses associated with the accidents such as travel to doctors\u2019 appointment, retrofits to the home to accommodate the accident victim, having to hire a caregivers, housekeepers or landscapers, etc. and it\u2019s clear that accident-related expenses can accumulate quickly.<\/p>\n

What Does Accident Insurance Cover?<\/h3>\n

Accident insurance can be used to cover various out-of-pocket medical expenses and non-medical expenses (e.g., transportation, home modifications, housekeeping, caregiver expenses, portion of lost wages for bills, groceries, childcare, etc.) stemming from an accident or injury.<\/p>\n

Accident insurance covers the initial care through follow-up care for a victim. Among the other expenses covered by a high quality accident insurance policy are:<\/p>\n