What is private accident insurance?
Statutory and private accident insurance at a glance: When does which pay?
Personal accident insurance protects you from the financial consequences of an accident. In the event of permanent damage caused by an accident, it pays out a fixed sum – optionally also as a monthly pension.
Statutory accident insurance only protects employees and children in certain cases – such as accidents at work, on the way to work or school, or in the event of occupational diseases. Statutory accident protection does not apply to such accidents.
The unemployed, pensioners or self-employed who do not work in an employee relationship are usually not covered at all by statutory accident insurance.
Private accident insurance, on the other hand, offers accident protection that applies worldwide and around the clock – both at work and in your free time or on vacation. In principle, anyone can take out a private accident policy in order to expand their legal protection – there are only exceptions for particularly dangerous professions such as professional athletes or demolition experts.
For whom is private accident insurance useful?
In principle, private accident insurance makes sense for anyone who wants to close the gaps in statutory accident protection.
It is particularly useful for the following people:
- People who practice a hobby with a high accident risk
- self-employed housewives and househusbands
- people without a job
For hobbies with a high accident risk, you should check in advance whether they are also insured. Aviation or racing can only be secured with special tariffs, some insurance policies also cover damage caused by diving.
Employees are protected by statutory accident insurance in the event of accidents at work or on the way to and from work. In order to secure your income, you should take out disability insurance if possible. If this is not possible due to previous illnesses, private accident insurance will at least cover the risk of accidents.
When does accident insurance pay and when does it not?
Private accident insurance pays if you suffer permanent physical impairments after an accident – for example, you can no longer move a leg or you are blind in one eye. The damage to health usually has to last for an estimated three years or longer for the insurer to pay. If the impairments are only temporary, there is no money.
It is also important that the damage was actually caused by an accident. Insurers understand this to mean an event that suddenly affects the body from the outside.
For example, if you suffer from severe knee problems caused by years of improper strain, the accident insurance does not pay. The accident must not have been caused intentionally.
Good tariffs also pay if the accident was caused by personal movement or increased physical exertion. Then you are also insured if, for example, you twist your ankle while running without any external influence or tear a tendon while lifting heavy weights.