Personal Injury Cover: Is It Worth It?
Personal injury cover isn’t mandatory, but it can provide a great deal of peace of mind. In the event of a serious accident, it can help you recoup the costs of expensive rehabilitation or lost wages. But is it worth the extra cost?
The answer depends on your individual circumstances. If you have a family to support, it may be worth the extra expense. It’s also a good idea if you have a high-risk job or hobby, such as construction work or extreme sports.
However, if you’re young and healthy, and don’t have any dependents, you may decide that the extra cost isn’t worth it. It’s important to remember that personal injury cover is not the same as health insurance. It won’t cover medical bills or hospital stays, but it will provide financial assistance if you’re unable to work due to an accident.
If you’re considering taking out personal injury cover, it’s important to shop around and compare policies. Different insurers offer different levels of cover, so it’s important to find the right policy for you.
It’s also important to read the fine print. Make sure you understand what is and isn’t covered, and check the exclusions. Some policies may not cover certain types of accidents, such as those caused by alcohol or drugs.
Finally, it’s important to consider the cost. Personal injury cover isn’t cheap, but it could be worth it if you’re in a high-risk job or have a family to support.
In conclusion, personal injury cover isn’t mandatory, and it does often cost a little extra – but you can’t put a price on peace of mind. If you get in a serious accident, you might need expensive rehab, or you could even lose your work – but personal accident cover can help you recoup those costs.
Written by: 10 Feb 2020.
