Personal accident insurance is something that many people dismiss because they see the need for one. However, accidents can happen at any moment and there is no way of predicting them.
Perhaps one of the main reasons why people dismiss personal insurance covers is because they feel that it might be expensive. However, that is not usually the case.
Also, one does not have to suffer a major accident in order to claim compensation. A cover may also accommodate small claims from accidents such as ankle sprains, food poisoning, and burns.
However, it is the major accidents that usually have the biggest impact on people’s lives. Thus, they need to always be prepared.
Below are some accidents in Singapore that demonstrate just how a personal accident insurance cover can save you trouble.
#1 Not so boneless chicken
A woman revealed that her teeth cracked after she ate chicken which she believed to be boneless. However, it turned out that were some bones left in her dish. She managed to get her insurance company to cover the amount needed for her dental treatment.
She would have paid out of pocket if she did not have the personal accident insurance cover. The insurance company was willing to pay the amount since it was an accident.
She was fortunate in this situation as we know that dental treatment can put a hole in one’s pocket.
#2 Canine attack
Dogs are considered man’s best friend. However, sometimes they cannot resist the urge to bite especially when provoked.
Two individuals suffered this predicament after they were attacked by dogs on two separate incidents. Fortunately, their personal accident insurance covers took care of their medical bills.
Similarly, without a Personal Accident cover, these medical bills would have come out of pocket.
#3 Serious injuries from a car accident
A 55-year-old Singaporean man was the victim of a nasty road accident that left him with neck, shoulder, and back injuries.
He was charged $165 for an X-ray and outpatient treatment at a Chinese traditional medicine clinic. Fortunately, he had taken out an insurance cover for his family which had a $338 annual premium.
The family insurance plan offered $100,000 for him and his wife, as well as a $25,000 sum, assured for his child.
This provided a cushion for him and his family during his period of recovery.
#4 Motorcycle accident
A Singaporean motorcycle rider was faced with an accident that required him to seek TCM treatment. Fortunately, his insurance cover took care of all the expenses.
This is a prime example of why a Personal Accident cover is essential. Especially, if your day-to-day activities carry a higher risk than most.
Motorcycle riding can be risky especially if it is your main method of transport. By acknowledging the risks in your life, a Personal Accident plan can save you from financial difficulty.
#5 The case of the nasty bacterial infection
The author of a book “Raw Meat To Real Deal” revealed that her husband lost his hearing after consuming raw fish. The fish was infected with Group B Streptococcus (GBS) bacteria. She managed to secure payment from their Family Accident insurance cover.
GBS infection incidents were enough for Singapore’s Ministry of Health to ban open stalls from selling raw fish.
These are just some of the people that have found themselves in situations where their insurance cover saved their day. They were lucky enough that they had either Personal or Family Accident insurance covers.
*The advice offered in this column is intended for informational purposes only and not intended to replace or substitute for any professional, financial, legal, or other professional advice. If you have specific concerns or a situation in which you require professional help, you should consult with an appropriately trained and qualified adviser.