Your Shield in Everyday Life:
Private Accident Insurance
Accidents happen unexpectedly and can change life in an instant. Private accident insurance provides financial security by supporting you in case of accidents resulting in permanent impairments – worldwide, around the clock. Whether at home, during leisure activities, or while traveling, this coverage protects you wherever statutory accident insurance does not apply.
Core Benefits of Private Accident Insurance
Private accident insurance provides coverage if you become permanently physically or mentally impaired due to an accident. Depending on the policy, you receive either a lump-sum payment or an accident pension. It is important to choose a sufficiently high base sum to ensure adequate coverage in case of a serious accident. The insurance defines an accident as a sudden, external event that involuntarily causes health damage.
Important Policy Features
A beneficial addition is the progression clause, which provides disproportionate benefits in case of severe accidents. With 100% disability, this could mean receiving up to 350% of the agreed base sum. Choosing a high base sum is more crucial than an extremely high progression rate, as most accidents result in lower degrees of disability.
We optimize your accident protection.
Private accident insurance not only provides worldwide protection around the clock but also ensures financial security should an accident result in permanent impairments. With a tailored policy that meets your individual needs, we ensure that you and your family are well protected at all times.
Detailed Explanation of the Accident Concept
Private accident insurance is based on a specific definition of an accident, which is described as a sudden, involuntary event that externally impacts the body. Many providers extend this definition to cover additional benefits such as the consequences of tick bites or certain illnesses that lead to accidents.
Differences from Statutory Accident Insurance
While statutory accident insurance only covers accidents in a professional context, private accident insurance offers comprehensive protection that applies 24/7 worldwide. This is particularly relevant since most accidents occur in private settings, which are not covered by statutory accident insurance.
Selection Criteria for the Right Policy
When choosing a private accident insurance policy, you should consider not only the base sum and progression rate but also the definition of an accident, the contributory share for pre-existing conditions, benefits for cosmetic surgeries, and the impairment scale. An extended coverage that includes special risks such as extreme sports can be beneficial for certain target groups.
Conclusion
Private accident insurance is a valuable addition to your coverage, protecting you from the financial consequences of an accident. It is especially important for those who lead an active lifestyle, travel, or simply want comprehensive protection beyond the benefits of statutory accident insurance. When selecting the right policy, consider your personal needs and circumstances to ensure optimal protection.
Frequently Asked Questions About Private Accident Insurance
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What is private accident insurance?
Answer: Private accident insurance provides financial protection in the event of accidents that result in permanent physical or mental impairments. Depending on the policy, it pays a lump sum or an accident pension. The coverage is worldwide and 24/7, regardless of whether the accident occurs during leisure time, at home, or while traveling – areas where statutory accident insurance does not provide coverage.
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Who should consider private accident insurance?
Answer: Private accident insurance is advisable for anyone who wants comprehensive coverage beyond statutory accident insurance. Since most accidents occur in private settings where statutory accident insurance does not apply, it offers important financial protection for people of all ages and professions.
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What benefits does private accident insurance provide?
Answer: The benefits typically include a lump sum or an accident pension in case of permanent disability due to an accident. Policies may also cover rescue costs, costs for cosmetic surgeries after an accident, transitional benefits, and death benefits. The exact coverage depends on the chosen policy.
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What does the term “accident” mean in private accident insurance?
Answer: In private accident insurance, an accident is defined as a sudden, external event that involuntarily causes health damage. Many insurers expand this definition to cover additional scenarios, thus increasing the scope of protection.
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How do I choose the right private accident insurance?
Answer: When selecting private accident insurance, consider the base sum, an appropriate progression rate, the definition of an accident, the contributory share for pre-existing conditions, and additional benefits such as rescue costs or cosmetic surgery coverage. Compare different policies and choose the one that best meets your needs and lifestyle.
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What does progression mean in private accident insurance?
Answer: Progression means that the benefit increases disproportionately in the case of severe disabilities. For example, a progression of 350% means that in the event of full disability, 350% of the base sum is paid out.
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How does private accident insurance differ from disability insurance?
Answer: Private accident insurance covers permanent disabilities resulting from accidents, regardless of whether you can still work. Disability insurance, on the other hand, provides financial protection if you are unable to work due to illness or accident. Both types of insurance complement each other but cannot replace one another.
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How is the disability benefit determined in private accident insurance?
Answer: The disability benefit is determined based on the degree of disability, which is calculated using a scale known as the “Gliedertaxe.” This scale defines the percentage of the insured sum payable for the loss or impairment of specific body parts or sensory organs. The actual payout depends on the degree of disability and the specific terms of the policy.
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Does private accident insurance cover temporary disabilities?
Answer: No, private accident insurance generally does not cover temporary disabilities or short-term injuries. The focus is on permanent impairments caused by accidents. For short-term disabilities due to accidents or illnesses, a daily sickness allowance insurance is the appropriate coverage.
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How does worldwide coverage work in private accident insurance?
Answer: Private accident insurance offers worldwide coverage, meaning the protection applies no matter where in the world the accident occurs. Whether you are on vacation, business trips, or living abroad, the insurance provides benefits according to the agreed policy terms. This makes it essential coverage for travelers and those who frequently stay abroad.
We optimize your accident protection.
Private accident insurance not only provides worldwide protection around the clock but also ensures financial security should an accident result in permanent impairments. With a tailored policy that meets your individual needs, we ensure that you and your family are well protected at all times.
