US Accident Insurance (Accident Insurance USA)

US accident insurance is a financial protection against losses resulting from injuries suffered by a policyholder during an accident. The accident insurance policy may offer income replacement, medical care and permanent impairment benefits, depending on the injuries suffered. Some US accident insurance policies include an accidental death benefit, which provides financial security for the family in the event that the policyholder dies in an accident.

US Accident Insurance: Some Facts

US accident insurance was first offered by the Franklin Health Assurance Company of Massachusetts. Founded in 1850, this company offered insurance against injuries arising from railroad and steamboat accidents. By the late 1960s more than sixty firms were offering accident insurance in the US. The insurance industry consolidated rapidly in the twentieth century. However, accident insurance, while being extremely important, is not availed of by many.

Preliminary Duties of a Policyholder before Filing for a US Accident Insurance Claim

When one meets with an accident, there are certain things one must do to ensure that s/he becomes eligible for the US accident insurance claim. These include:

Seek immediate medical assistance. This is how the severity of the injuries can be officially documented. This document is critical in strengthening the claims case.

Take down the details of the vehicle and the driver who was responsible for the injuries in case of a vehicle accident. One must also have someone take pictures of the accident spot and gather details about the eye-witnesses of the incident.

Maintain medical / surgical bills and receipts while getting the injury treated.

ensure that the insurance company is immediately informed about the accident.

Provide a detailed account of the accident: Detailed claims statement can go a long way in building your case. Also provide pictures of the damaged vehicles, accident site and medical reports of all injuries, irrespective of their severity. This will go a long way in strengthening the case. Adding the names and addresses of any eye-witnesses to the accident will also help in substantiating the US accident insurance claim.

Keep a record of every event related to the claim: A record of every discussion with the insurance agent and the police, medical expenses, receipts and bills can be used to settle the claim in court, if necessary.