It can be very daunting to try and select the proper type of insurance since there are so many different types available on the market. But what types of issues does accidental death and dismemberment insurance actually cover?

AD&D will cover many different accidents depending on both the provider and the policy purchased. Insurance companies do not require a medical clearance for the purchase of AD&D. This policy will cover all sorts of accidents whether they occur at work, home or play. The biggest asset is that this coverage is extremely affordable!

The standard benefits generally pay 100% for loss of life, both hands, both feet, entire eye sight, loss of both eyes, one hand and one foot, one hand and one eye, one foot and one eye, speech, hearing both ears, paraplegia and quadriplegia.

Loss of one eye or foot, or speech, hearing, or hemiplegic are generally paid out at 50% amounts. Loss of an index finger or a thumb on the same hand, or most other finger loss combinations are usually paid out at 25% amounts.

Accidental death and dismemberment insurance also includes additional benefits such as emergency evacuation and home renovations to accommodate disability. Some other valuable benefits include vehicle modifications as needed and waiver of premiums. Educational retraining and double indemnity for paralysis or dismemberment may be offered as well.

Most plans offer optional family coverage for a very reasonable amount. AD&D rates are very reasonable. For example for $100,000 coverage you would pay about $1.80 a month and a family would pay about $3.50. You can buy coverage that ranges from $25,000 to $500,000.

Most of the accidental death and dismemberment insurance plans do have a few exclusions for which they will not pay out. Self inflicted injuries, attempted suicide, war, a career in the armed forces, or a career as a pilot are a few of the exclusions that are part of the policy.

Accidental Death and Dismemberment provide a lump sum payment either at the time of dismemberment or death that resulted from the accident. Some AD&D policies have a life insurance payout should a death occur. Others strictly provide AD&D benefits. Read your policy.

If you have a claim to file you must do so within 365 days of the accident. You will need to contact the insurer and request the needed forms. Have these forms filled out and signed by your doctor. Most will require a certificate signed by your doctor.

Accidental death and dismemberment insurance provides an affordable insurance option for a specific coverage. You’ll need to decide if this is the type of coverage that could benefit you.

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- Dan Wright