There are many people who have health insurance, and they think that this will provide them with the necessary accident insurance that they need, all incorporated within the same policy. There are others who have accident insurance, and they have also assumed that health insurance is included in that policy as well. The unfortunate news is that in many situations, one policy does not cover the other, and so people find themselves in a situation where they have to put their hands into their own pockets to pay the necessary bills. If they don’t have savings put away, then they might have to sell their home just to get the money so that they can get back on their feet. This is definitely not a situation that you want to find yourself in, and so it is essential that you talk to your broker to make sure that your policy covers both outcomes.
There are also people who feel that age is on their side, and so it is unlikely that they’re going to need any kind of health insurance for a number of years. The bad news for them is that nobody knows what lies around the next corner, and so they may need Health Insurance and Accident Insurance sooner than they think. The following are just some situations that you might find yourself in where you will need the above insurance cover.
- A vehicle traffic accident – If you are younger, then there is a much higher likelihood that you’re going to be involved in some kind of road traffic collision because when we are young, we tend to take lesser precautions, and we drive quite erratically as well. The vast majority of road traffic accidents are caused by younger people and this is why they have to pay so much for car insurance premiums. You will certainly need accident insurance for this as well as comprehensive health insurance so that you can be taken care of in the best way possible.
- A sports accident – Once again, because youth is on your side, you may throw caution to the wind and really get heavily involved in a game of football or even some boxing or MMA while enjoying your vacation. People get hurt every day taking part in various sporting activities, and sometimes it can lead to serious health complications. We wrongfully assume that the venue will have the necessary insurance in place to take care of hospital costs and any other costs as a result of your injury, but that may not be the case.
It is important that you don’t go through life thinking that nothing can hurt you and that nothing is going to happen because you are young and you are strong. You do not want to find yourself in a situation where you do need essential health and accident insurance, and you have nothing. You may have to turn to your family to help you pay your costs, and you may be forcing them into a very difficult situation financially.