Accidental Death Coverage
Wrongful Death Lawsuit Insuranceprovides funds in the event of a fatal accident or an accident resulting in the loss of a limb or eyesight.
For benefits to be paid, the death or loss must occur not more than one year from the date of the accident and be a direct result of bodily injury sustained from that accident, independent of all other causes. Usually accidental death insurance coverage stops when your employment ends. It does not carry into retirement.
If a death or loss is caused by any of the below causes, accidental death insurance will not be paid out:
- physical or mental illness
- the diagnosis of or treatment of physical or mental illness
- ptomaine or bacterial infection
- any act of war, or any armed aggression against the United States in which nuclear weapons are actually being used
- a war in which you are in actual combat at the time bodily injuries are sustained
- suicide or attempted suicide
- self inflicted / purposefully injury
- illegal drugs that you administer to yourself
- driving a vehicle on the job while intoxicated
The first thing to consider is whether or not accidental death and dismemberment insurance is what you need: What is the likelihood you will have to make a claim? If you have health and life insurance already, you should be covered in the event something happens to you and you are forced to make a claim.
It is important to read the fine print when applying for this an accidental death policy, because it may just seem like you are getting better and more adequate coverage, when you're not.
Dismemberment coverage gets a little trickier. If you lose one member (a hand, foot, limb, or sight in one eye), the insurance company will pay 50 percent of the full benefit. If you lose two members, you will receive the whole benefit.
Do you need an accidental death lawyer to file an accidental death claim for you? Find out how the Pennsylvania lawyers at Anapol Schwartz can help file a lawsuit on your behalf.