Insurance is one of those “products” that you probably hate paying for. And I don’t blame you. It’s compulsory (for cars and homes anyway), it’s expensive, and it’s physically immaterial – unless you count the free insurance brochure your agent hands you as part of your “purchase.”
Maybe that’s why some people choose NOT to buy additional insurance coverage, such as personal accident (PA) protection – because they believe that their money is better spent on other things. If you’re one of them, ask yourself, “Will whatever I’m spending on help me or my family if I get into a serious accident?”
If you can’t answer that question, you definitely need to consider getting a PA policy. Because as Franz Kafka once said, “Better to have, and not need, than to need, and not have.”
Here are some personal accident insurance cases that’ll make you think twice about going without it:
How Dangerous Can Home DIY Maintenance Be?
What do you consider to be a “dangerous” job? Right now, you’re probably thinking of jobs most people associate with risk – policeman, solider, construction worker, offshore oil platform worker, etc.
But if I were to say that cleaning and home maintenance could be just as dangerous, you’d probably think I was trying to be a Jimmy Kimmel-like smartass. But the reality is that it can be even MORE dangerous, as these stories prove:
Mr. Goh’s Story
Mr. Goh, 52, was just like any other middle-age Singaporean. He worked hard to support his wife and two children, and also took great pride in keeping his HDB flat clean and presentable for guests. So when one of his lights in his kitchen gave out, he did what anyone would do – he set up one of his kitchen chairs, stood on it, and began replacing the worn out bulb.
The next thing he knew, he was in a hospital bed, paralyzed, and breathing out of a tube.
What happened was that as he strained to unscrew the bad bulb, he lost his balance and fell back – injuring his neck against one of the other kitchen chairs. Luckily, his wife was at home and immediately called an ambulance.
Now, Mr. Goh, who was the sole breadwinner for the family, is permanently disabled. If it wasn’t for the PA policy that his company purchased for its workers, his family wouldn’t have received a check for $100,000 to cover permanent disablement.
But even with this check, things will never be the same. As Mrs. Goh relates, “My children are no longer young, and they are not working yet. My son is in NS and my daughter is in her final year at polytechnic. Money is really tight because he was the sole breadwinner. My daughter now tries to give some tuition for her pocket money.”
But as bad as things have become, it could have been much worse if Mr. Goh didn’t have a PA Insurance policy.
Mr. Gupta’s Story
Mr. Gupta, 45, was a husband and father of a teenage son who routinely spent part of his weekend tidying up his beautiful home. One Saturday morning, while his wife and son were out visiting family, he went about his normal cleaning routine.
As he was wiping away the dirt and dust from his windows, he slipped and fell back. Luckily, his very kaypoh neighbor, a 70-year old grandmother living in the opposite block, noticed the fall and checked up on him.
After seeing him on the floor, she immediately called an ambulance. Unfortunately, when Mr. Gupta’s head impacted the marble flooring, it caused a traumatic head injury that he never regained consciousness from.
It only took a minor slip on the floor to deprive a wife and son of their father. But Mr. Gupta had the foresight to purchase a PA Insurance under his home insurance policy, which left his family with a $20,000 death benefit after his unfortunate accident.
Mr. Gupta’s family will never be the same, but his decision to purchase the policy at least partially protected his family against financial impact his death caused.
Where Can You Get Personal Accident Insurance?
It’s not as hard as you think to get a PA Insurance policy. There are plenty of policies with varying levels of coverage that you can purchase and incorporate it into one of your other existing insurance policies as an add-on.
For example, your car or mortgage insurance policy might offer PA for an additional fee on your premium. Even credit cards now offer PA Insurance as a user benefit for a monthly fee or even free of charge. Follow us on Facebook for more helpful money saving tips.
Interested in finding out more about how to get PA coverage? You can find what you’re looking for here.
Know any personal accident insurance stories? Share them with us on here!