Accident insurance is a great way to help manage the out-of-pocket expenses that quickly add up after an accidental injury. Accident insurance plans can help protect you financially by paying a lump sum cash benefit to you for a qualified accident that can be used to help pay unexpected medical costs or everyday living expenses such as mortgage, rent, car payments, childcare or groceries while you are recovering from an accident or injury. It’s your money. How you spend it is up to you.
Depending on the type of plan selected, the following are some accident related expenses that make you eligible to receive cash benefits paid directly to you: