Your All-Round Protection Plan: What you need to know about accident, car, and home Insurance

Home ownership and car ownership are significant financial commitments that require insurance protection. Home insurance is essential to safeguard against various risks, while car insurance must cover all potential threats, including expensive modifications. Accidents can occur whether at home or on the road, highlighting the importance of having appropriate insurance policies to mitigate these risks.

- By: Sanjeev Puri

Owning a home is a valuable asset for the majority of us. We all do our best to protect it and its contents. A better way to protect yourself against risks is to get home insurance. In a similar vein, buying a car is another significant life expense. It is crucial to confirm that car insurance coverage covers all potential risks, including the expensive gadgets and other installed parts in your car. The risk of getting into an accident still exists whether one is driving or staying at home. Let’s look at some of the key insurance policies to guard against these perils.

PERSONAL ACCIDENT COVER

Personal accident cover is necessary because it provides financial protection in the event of unexpected accidents or injuries. Without personal accident cover, individuals may face significant medical expenses and loss of income, which can have a detrimental impact on their financial stability and overall well-being. Additionally, personal accident coverage often includes benefits such as disability coverage and accidental death benefits, providing further peace of mind for individuals and their loved ones.

The personal accident policies provide for claims only against accidental death. An accident leading to a permanent disability or a temporary disability has a bigger risk, as the financial loss resulting from the hospital expenses, as well as job loss, can be high.