Personal accident insurance provides for payment of a certain insurance amount or part thereof when the effect of previously unforeseen and external circumstances results in a trauma or bodily injury of the insured person.
Particularly important it would be to insure people who are engaged in physical work or whose work is associated with increased risk, as well as persons who have financial obligations to banks and leasing companies.
Personal accident insurance can be applied to each person individually, because each person can himself/herself specify the desired insurance amount and choose from the following insurable risks:
- indemnity in the case of bone fractures or traumas;
- payment of certain amount of money for each day of hospitalization (hospital money);
- daily allowances for temporary incapacity for work;
- indemnity in the case of burns and frost-bites;
- cover of medical treatment expenses;
- indemnity in the case of mutilation, disability or death;
- critical (crisis) illnesses.