When researching insurance, you may be surprised to find what accidental death and dismemberment (AD&D) insurance will and will not cover. It’s important to understand this type of insurance to decide if it is right for you and your family. Here are some facts about AD&D that may not be common knowledge, brought to you by the insurance experts at American Tri-Star San Diego.
It Can Pay for Counseling
Some AD&D policies cover trauma counseling for your loved ones if you die or if you or any loved ones experience a loss of certain body parts. This coverage typically applies only to you, your spouse, and your qualified dependent children. There may be a limit on how many counseling sessions the policy will pay for.
There Are Common Exclusions
A typical policy excludes death or dismemberment caused by risky activities such as skydiving, combat duty, scuba diving, and major surgery. Failure to wear a seat belt, driving recklessly, or driving under the influence can also negate your coverage, as can some preexisting medical conditions.
It Is Cost-Effective
Because AD&D only pays for a death caused by an accident, the policy is less likely to pay out than a life insurance policy. As a result, AD&D premiums are often significantly lower than those for life insurance. In some instances, you may be able to add an AD&D addendum to an existing San Diego health insurance policy at a discount.
It Offers Extra Coverage When Traveling
AD&D insurance can sometimes be added to travel insurance policies as well, and it is generally a good idea to do so. AD&D added to your travel insurance can cover your family’s loss if your plane, train, or other mode of transportation has an accident and you lose a limb or are killed. Though these policies usually apply when you’re out of the country, some travel AD&D clauses may deny you coverage if you are traveling in a part of the world considered to be dangerous.
Accidental death and dismemberment coverage may be a wise supplement to add to your health insurance policy. If you have further questions about AD&D or would like information on cheap car insurance in San Diego, call Tri-Star Insurance today at 619-272-2100. We hope to hear from you soon.