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Why choose Personal Accident Insurance?

Why should you choose personal accident insurance? Who might benefit from this type of cover and how? Find out more.
 
No matter how careful we are or how well we try to prepare for the future, sometimes unexpected things happen to us. We probably don’t like to think about it, but you might be hit by illness, a medical event, or are involved in an accident that wasn’t necessarily anyone’s fault. If something like this does happen, it can make things very difficult for you and your family from a financial point of view, on top of dealing with the practical and emotional side of the incident and recovery. This is where personal accident cover could potentially be of benefit.
 
Personal accident insurance cover is designed to pay out a sum of money if you’re involved in an accident or medical incident. There can be a wide range of things covered by personal accident injury insurance, depending on the policy type you choose and the premium you pay on a monthly basis. This will determine the amount you might receive if you were unfortunately involved in an incident of this type.
 

What’s included in personal accident and injury insurance?

Depending on the specific policy you choose (as different options may be included as standard or offered for an additional cost by different personal injury insurance companies), you may find that the cover includes:
 
  • A sum of compensation if you suffer a medical accident, or are injured in an accident that wasn’t anyone else’s fault
  • A sum to be paid out if you are permanently disabled by an accident
  • Paying for medical expenses, such as specialist consultations and medications
  • Paying for fees related to having a stay in hospital
  • Cover for your dependent children
  • Provision of money to aid your recovery e.g. to make adaptations to your home, therapy sessions, assistance at home or with your children whilst you recover
  • A sum paid out for accidental death and/or funeral expenses if the incident accident proved fatal.
There are many other elements that might be covered in a policy of this type. It’s important to look at all the cover you want to be included to make sure that you get the best personal accident insurance for your circumstances.
 
To find out more about the cover offered by PSA Insurance Solutions, see our product page.
 
Personal accident insurance cover is designed to pay out a sum of money if you’re involved in an accident or medical incident. There can be a wide range of things covered by personal accident injury insurance, depending on the policy type you choose and the premium you pay on a monthly basis.

What are the benefits of personal accident insurance cover?

Whilst no one likes to think that they’ll be injured in an accident or suffer a medical accident, these things do sometimes happen, and this kind of insurance can give you peace of mind that you have a level of financial provision if it does.
 
Some policies include cover for your children too; so, if they were to be injured in an accident then you might also get a sum of money to help with the practicalities of this, such as covering your accommodation fees if your child needs to stay in hospital.
 
To find out more about the cover offered by PSA Insurance Solutions, see our product page.
 
 
 
 
Find out more about PSA's Personal Accident policy
 
 
 
 
 
 
Find out more about PSA's Personal Accident policy
 
 
Additional reading
Accidental Death insurance cover 11 November 2019
What is personal accident cover? 11 November 2019
Disability insurance cover 11 November 2019
The cost of funeral insurance cover 11 November 2019
Funeral expense cover 11 November 2019
Accident health insurance cover 11 November 2019
© PSA Insurance Solutions
PSA Insurance Solutions Ltd Reg No: C83206 is a limited liability company under Maltese Law, having its registered address at: MIB building 53 Abate Rigord Street Ta’ Xbiex Malta, Tel + 356 22 58 34 92. The company is enrolled to act as an insurance agent in terms of the Insurance Intermediaries Act, 2006 by the Malta Financial Services Authority (MFSA), Notabile Road, Attard BKR 3000, Malta.
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