Welcome to The Insurance Service
"After taking out an Accident and Sickness policy with The Insurance Service I was involved in an accident which resulted in breaking my arm. The claim process was very easy and I received my payment on time each month. I was very pleased to have had the advice I received.So much so my partner has also taken a policy out to cover him."
About Accident and Sickness Insurance
What personal accident and sickness insurance does cover, in most cases, is accidental death, injury or illness that causes permanent or temporary partial or total disablement, which prevents you from fulfilling the duties of your own occupation.
Accident & Sickness policies are in reality short term Income Protection or Income Replacement policies which can cover unemployment as an option.
Our experience is that many high risk occupations are much more concerned about the possibility of suffering an accident than being sick, particularly the-self employed who tend to work when sick as it is their livelihood at stake.
The policy offered by us is one of a few available in the UK where you can opt to separate the accident cover from the sickness cover.
Accident and Sickness Policies: Payouts
Accident and Sickness insurance can range from a payout after an absence of 7 days due to accident or sickness, illness or injury known as the deferment or waiting period, paying out for a maximum of 2 years.
Deferment periods are usually dependent on the occupation in question, but can be increased if The Insured receives sick pay from their employer.
For a higher premium you can get a wider cover or additional benefits, but since not all policies are the same you need to read the fine print to find out exactly what is covered and what additional benefits may be available. An example is capital benefits where a loss of sight or limb may be covered with a lump-sum payout.
"Sickness" means an illness, disease or condition of The Insured that first occurs:
- While coverage under the Policy is in force;
- Not as a condition that is pre-existing.
All related conditions and recurrent symptoms of the same or similar condition will be considered one sickness.
Personal accident and sickness insurance is a very good thing to have for those who have never thought much about getting accident insurance. Whilst no one ever likes to think that they will get seriously ill or have an accident that would prevent them from working, such misfortunes can and do happen. If there is no accident sickness insurance or key person insurance in place there will not only be the debilitating effects of the illness, but the fact that your usual income is no longer available.
Take some time to consider the potential impact of dropping accident and sickness insurance, an accident and sickness insurance policy or any insurance for that matter. Remember insurance is a risk transfer tool and only one of the risk management tools available to you. So when you drop insurance, you must use another risk management tool to address the situation, because the risk doesn't go away, and you can't just ignore it.
