Accident Insurance

Do I need Accident Insurance?

Accident Insurance, also known as Supplemental Accident Insurance or Personal Accident Insurance, pays benefits for accidental injuries.

Accident Insurance pays a lump sum that can help you cover the costs associated with an injury incurred during an accident. Each Accident Insurance company is different, but you should learn what they cover before taking out an Accident Insurance Policy.

Contact us today to learn more about the Accident Coverage Plans available for your company >

Comparison

Accident Insurance is very similar to Disability Insurance in that, for both cases, the Insurance Company pays out when you incur an injury.

Accident Insurance

• Provides a lump sum cash benefit
• Cash benefit is sent out if claim is approved

Disability Insurance

• Replaces a portion of your income
• Benefits are based on time range of disability

In short Accident Insurance focuses more on the initial protection such as bills and treatment, while Disability Insurance is more oriented in protecting your income. Both help you out financially in their own way, and are typically independent of each other.

Contact us today to learn more about the Accident Coverage Plans that are available for your company >

Frequently Asked Questions

+ How can I check to see if my current insurance is active?

You can see if your current insurance is active by visiting our Carriers Page. You can select your insurance company and the corresponding page provides you with the appropriate information to best assist you.

+ How do I make a change to my policy?

For any policy changes, contact us by calling us at (956) 724 9083. We have a 24 hour answering service. You may also Email us at Info@LaurelAssoc.com.

+ How can I learn more about my current insurance?

Visiting your insurance portal provides many perks; you can view breakdowns as well as additional coverage information about your insurance plan. We recommend visiting our Carriers Page and downloading the corresponding app for your insurance company. With the simple use of the app you can view the summary and details of your current insurance plan.

+ What is a deductible?

In an insurance policy, the deductible is the amount paid out of pocket by the policyholder before an insurance provider will pay any expenses. Some insurance claims may not be subject to a deductible, but this all depends on your insurance plan.

+ When does my Health Insurance Plan start?

Most Health Insurance Plans operate on a yearly schedule which means that they begin on January 1st and run to December 31st. This is when open enrollment comes into play which sets a period of enrollment for Health Insurance, based on what the Affordable Care Act initiated to “prevent people from waiting until they get sick or injured to go shopping for coverage.” Learn more about open enrollment >

+ What is a co-pay?

A co-pay is a fixed amount for a covered service (by your insurance), that is paid by the patient to the provider of the service. The co-pay may be defined in your insurance policy so looking at your coverage is always useful. For help with this visit our Carriers Page >