Why is personal accident insurance essential during floods? 4^th May 2019

Natural calamities like floods are unpredictable and can cause significant damage to life and property. They can disrupt normalcy and leave people struggling to cope with the aftermath of the disaster. Floods are dangerous and can cause financial instability if you are unprepared for them. Are you wondering how to safeguard your finances from the damages done by floods?

Personal accident insurance plans offer a range of benefits that can help minimise the impact of natural disasters such as floods. These insurance plans cover accidental injury, disability, and death caused by floods. They can help cover medical expenses, loss of income, and even temporary accommodation expenses.

In this blog, we will discuss in detail why personal accident insurance is essential during floods and how it can help protect you and your family during such natural disasters.

1. Protection against accidents
Floods bring along with them the possibility of several accidents. Personal accident insurance plans provide protection against accidental injury, disability, or death caused by floods. The coverage can provide financial assistance in case of medical expenses, temporary or permanent disability, or even death.

2. Medical expenses
During floods, medical expenses can rise significantly due to increased waterborne diseases. Personal accident insurance plans can help cover medical expenses, which can be a significant financial burden, especially for low-income families.

3. Loss of income
Floods can also result in loss of income for those who work in affected areas. Personal accident insurance plans can provide financial assistance in the form of compensation for the loss of income.

4. Quick disbursement of funds
Personal accident insurance plans usually offer quick disbursement of funds, which can be crucial during emergencies such as floods. In the aftermath of a flood, you may need immediate access to funds to cover medical expenses, temporary accommodation, or repair damages. Personal accident insurance plans can provide this quick access to funds when you need them the most.

5. Affordable premiums
Personal accident insurance policies are generally very affordable, with premiums much lower than other insurance policies.

6. Easy to purchase
Personal accident insurance policies are easy to purchase, and the application process is usually straightforward and quick. You can visit the websites of the insurance companies and apply online with a simple process which is a matter of a few clicks.

7. Offers customised coverage
Personal accident insurance policies can be customised to meet the specific needs of the policyholder. This means that the policyholder can choose the level of coverage they need based on their individual circumstances and budget, ensuring they have the appropriate protection during floods.

Personal accident insurance plans provide peace of mind during floods. Knowing that you are covered in case of any accidental injury or disability can help alleviate the stress and anxiety that comes with such natural disasters. Apart from the primary coverage, personal accident insurance plans also offer additional benefits such as ambulance coverage, hospitalisation expenses, and accidental death benefits. These other benefits can provide further financial assistance during floods.

In conclusion, floods can be devastating, but personal accident insurance plans can provide financial assistance during these difficult times. The coverage offered by these plans can help reduce the economic impact of accidental injury, loss of income, medical expenses, and property damage caused by floods. It is essential to have personal accident insurance plans to protect yourself and your family during natural disasters like floods. They are affordable, customised to suit your needs, and offer flexible payment options, making it easier to manage your finances in times of distress and danger.

Click HERE to learn more about the personal accident insurance plans.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.