What Is Personal Accident Cover?
Published On May 19, 2021 11:00 AM By InsuranceDekho
Read this article to understand what personal accident cover is and why it is important for your car.
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Accidents are unpredictable. Driving a car on Indian roads is a very difficult task owing to the traffic and the small roads. If you are involved in an accident, it is very likely to have caused damage to your car. These damages usually result in heavy repair costs. Having a car insurance that offers you maximum coverage is important if you want to avoid these expenses. Purchasing add-on covers to your car insurance policy helps you to get the maximum cover you desire.
What Is Personal Accident Cover?
Personal accident Covers are add-on covers that you can add to your car insurance policy. This cover insures the policyholder from personal damages. This means that the policy will provide financial assistance for the damages incurred by the policyholder. Accidents may cause extensive damages. The Personal Accident Cover offers financial assistance to treat any bodily injuries along with the costs incurred to repair the damages caused to the car. In case of death of the policyholder, the nominee receives a 100% compensation. Having this as an addition to your car insurance policy will prove highly beneficial and offer you peace of mind while driving your car.
Why Do You Need a Personal Accident Cover?
The Personal Accident cover offers many benefits to the policyholder. It is not only mandatory, but also a necessity that will protect you from financial liabilities that are a result of being involved in an accident. The following are reasons as to why you need a PA Cover-
Mandatory In India
Owning a Personal Accident cover is mandatory to drive your car legally in India. Not having the PA cover in your car insurance policy can lead to imprisonment and even heavy fines if pulled aside by traffic police.
Financial Assistance In Time Of Need
Accidents can be stressful events. Arranging finance at that time can make it more frustrating and nerve-racking. Having a PA cover with your car insurance policy will give you reassurance in financial terms by insuring the amount that has to be spent for medical and repair purposes. This will make dealing with the accident simpler for the policyholder.
Financial Assistance In Case Of Demise
Some major accidents may result in the tragic demise of the policyholder. In such cases, the nominee mentioned in the policy can claim the insurance and receive 100% compensation. The policy will also look after the financial needs of the family if there is no other income.
What Is Covered In The Personal Accident Cover?
The PA cover provides coverage in case of the following situations-
- The insurance covers the costs incurred for the repairs of the damages that resulted from the collision of the car.
- The PA cover also takes care of the medical expenses that are incurred for the treatment of any injury resulting from the accident.
- In case of any permanent disability, the insured is bound to receive a 100% compensation.
- If the policyholder loses sight of one eye or a limb, the insured will receive 50% of the sum insured.
- The insurance will also cover the paid driver, cleaner or conductor and passengers with an additional premium.
What Is Not Covered In The Personal Accidental Cover?
Although there are many benefits that come with the PA cover, there are circumstances when your claim may be rejected. The following are the situations in which your PA cover does not insure-
- Any activity that was intentionally meant to cause self-harm.
- Death or disability resulting from intoxication.
- Death or disability that is a result of adventurous activities.
- Pre-existing medical conditions.
- Any accident caused due to illegal activities or any injuries sustained when the policyholder is driving illegally.
The unpredictability of accidents is a major reason as to why you must make sure to purchase a car insurance policy that gives you maximum coverage. Make sure to purchase the appropriate add ons that fulfill your requirement and drive safe.
What To Do Soon After A Car Accident?
Claim Car Insurance After Accident
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.