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Accident Insurance

Definition of 'Accident Insurance'

Insurance coverage against loss by accidental bodily injury. These insurance policies pay out a sum of money when an accident occurs. The amount paid out depends on the injury, and policy documents will detail amounts paid for different injuries or death.

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Related Terms

Accidental Death Insurance General Insurance Actuary Co-Insurance Activities of Daily Living (ADL)Adverse Selection Association of British Insurers (ABI)Cash and Carry Endowment Policies Factoring Fund Management Institutions Lloyds of London Premium Private Equity Funds Sale and Leaseback Special Purpose Vehicle

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