As just one person, you may understand the need for individual health insurance and pre existing health insurance. However, the necessity of accident insurance may be harder to understand.
Individual accident insurance helps cover your debts and funeral expenses if you die as a result of an accident. In effect, it’s a specialized type of life insurance, which provides an additional level of protection.
Coverage is quite affordable, and you can find high coverage amounts for a relatively low monthly premium. You may need it to provide an extra level of security to your parents, siblings, friends, or other beneficiaries. It is often available as a rider to individual health insurance coverage.
