Accidental Death and Dismemberment Insurance (AD & D)

With regard to travel insurance and other types of coverage, accidental death and dismemberment (AD&D) is a policy that pays benefits to the beneficiary if the cause of death is an accident. This is a limited form of life insurance which generally tends to be less expensive.

In the event of an accidental death, this type of coverage will pay benefits in addition to any life insurance but only up to a set amount total regardless of any other insurance held by same insurer, held by the client. This is called double indemnity coverage and is often available even when accidental death insurance is meant to function merely as an addition to a regular life insurance plan. auto insurance quotes florida

Some of the covered accidents include traffic accidents, exposure, homicide, falls, heavy equipment accidents and drowning.  Accidental death insurance is not considered an investment and thus clients are paying only for sustained protection. Insurance premiums are expected to rise in time. Most policies have to be renewed periodically (with revised terms), although the client’s consent with renewal is most of the time implicitly assumed.

Smaller amounts of the policy will be paid out if the covered employee loses a part of his or her body, or eyesight because of an accident. Additionally, AD&D generally pays benefits for the loss of limbs, fingers, toes, sight and permanent paralysis. The types of injuries covered and the amount paid vary by insurer and package, and are explicitly mentioned in the insurance policy. 

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