Most travelers don’t like to think about flight accident coverage, but it’s an important type of insurance to consider. In the unfortunate event of an injury or death while boarding, flying, or disembarking from a plane, this insurance provides a lump sum payout to the insured or their beneficiaries.
What Does Flight Accident Insurance Cover?
Flight accident insurance provides coverage in cases of:
- Accidental death
- Loss of a limb
- Loss of eyesight
If an accident occurs during boarding, while in flight, or when leaving the aircraft, the policy pays out benefits up to the specified coverage limit. Generally, losing a single limb results in a payout of up to 50% of the coverage amount, while the loss of multiple limbs or eyesight qualifies for full coverage. In the case of the policyholder’s death, the entire benefit is paid to their designated beneficiaries.
It’s important to note that coverage limits vary between insurance providers, and those seeking higher protection can opt for increased coverage at an additional cost.
Limitations of Flight Accident Insurance
Flight accident insurance does not cover minor injuries such as:
- Sprains
- Cuts
- Broken bones
If the plane encounters turbulence or a minor accident occurs on the tarmac resulting in these types of injuries, they will not be covered under this policy. For such incidents, having medical travel insurance is crucial, as it covers medical emergencies, illnesses, and minor injuries that occur during travel.
Additionally, flight accident insurance only applies to incidents that occur while the traveler is on the aircraft. For example, if a passenger suffers a fatal accident in the airport, such as falling off an escalator, this policy would not apply.
Who Should Consider Flight Accident Insurance?
This type of insurance is particularly beneficial for individuals who:
- Do not have a comprehensive personal insurance or life insurance policy
- Want additional financial security in case of a flight-related accident
- Are concerned about the lengthy legal processes airlines face in accident investigations
In cases of accidents caused by airline negligence, it can take years for affected individuals or families to receive compensation due to the involvement of multiple regulatory agencies. Flight accident insurance provides immediate financial support for expenses such as medical bills, funeral costs, body transportation, or daily living expenses while awaiting a settlement from the airline.
Adding Flight Accident Coverage to Your Travel Insurance
Flight accident coverage can often be added to a comprehensive travel insurance plan for extra protection. When selecting a travel insurance policy, it’s essential to:
- Choose coverage limits that match your personal needs
- Research the reputation of the insurance provider
- Read customer reviews and compare multiple plans
- Carefully review the policy terms before purchasing
By taking these steps, you can ensure you choose the right policy to protect yourself and your loved ones during air travel.