High Limit Accident Insurance Review
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This travel insurance plan is intended for…
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- Business Firms, to offset the loss of a key employee. To compensate families of employees for loss of income due to an accidental death or dismemberment.
- Professional Firms, to offset the temporary and long term financial aspects of an accidental death or accidental bodily injury to a Principal of the firm. We insure the hands of surgeons, famous musicians and athletes against accidental injury that would impair their dexterity.
- Educators and students, to protect parents or sponsors against loss due to accidents while traveling or while living away from home.
- Travelers, on business or on pleasure trips anywhere in the world.
- War Correspondents, or military families.
- Individuals, while on recreational or sporting trips such as skiing, scuba diving or bungee jumping.
- Government Agencies and Programs.
- Fraternal and Religious Activities.
- Individuals and Families.
Unlike an illness, which gradually manifests itself, accidents occur without warning or symptoms. This accident hazard coverage is unique in that it provides extra protection to cover the sudden and unexpected effects of an accident. It is travel accident coverage on a short term or ongoing basis, intended to provide coverage for participants, volunteers and sponsors of events. It provides compensation for specific losses of limbs, sight, hearing or speech not typically covered by other life, medical and disability insurance coverages.
This plan is particularly useful to business firms who want to offset the loss of a key employee or compensate families for their loss of income due to accidental death or dismemberment. It is also purchased by professional firms who need to protect the long term financial aspects of a bodily injury to a principal member of the firm, such as insuring the hands of highly specialized surgeons for a hospital. It is also purchased by educators, war correspondents, military families, and others who are traveling far from home and may be participating in hazardous activities or encountering dangerous worldwide situations.
This plan provides flexibility and 24 hour support to the insured and their families. It can be purchased for individuals, but is also designed to cover entire families, when necessary. Valuable optional features include sudden cardiac arrest rider, acts of terrorism/war, and unusual risks due to places of travel or hazardous sport.
Where to buy this policy:
1. Compare Quotes from all companies- If you are still undecided but would like to start with some quotes, the best way is to use a comparison website (similar to using Expedia or Travelocity for airline tickets). There are several, but we recommend a comparison site called Squaremouth.com to get instant quotes and purchase online. Squaremouth.com only works with reputable companies, and you can get instant quotes and purchase instantly online with a credit card.
What is the coverage with High Limit Accident Insurance?
Accidental death pays up to the principal sum benefit in the event of death due to accidental bodily injury or exposure to weather, or as a result of accident or disappearance or the sinking of a conveyance on which the insured was a passenger.
Accidental dismemberment pays up to the principal sum benefit in the event of a loss of use of one or both hands or feet or the loss of sight in both eyes. One half of the principal sum will be paid in the event of the loss of sight in one eye, or the loss of one hand or foot, or the loss of hearing in both ears or the ability to speak.
Sudden cardiac arrest is only available with the 24-hour AD&D benefit and pays the full benefit if an insured person dies within 72 hours of cardiac arrest.
Optional coverage includes:
War and terrorism
24-hour coverage includes air travel and common carrier transportation in the event of any accidental bodily injury.
Common carrier coverage includes any form of conveyance certified as a common carrier of passengers, including air travel.
Aviation only coverage includes traveling as a passenger on a certified air conveyance.
Where to buy this policy:
1. Compare Quotes from all companies- If you are still undecided but would like to start with some quotes, the best way is to use a comparison website (similar to using Expedia or Travelocity for airline tickets). There are several, but we recommend a comparison site called Squaremouth.com to get instant quotes and purchase online. Squaremouth.com only works with reputable companies, and you can get instant quotes and purchase instantly online with a credit card.
