Accidents happen in life, however much we don't want them to. If we are lucky we are left with few, if any, lasting effects. There are  however, situations which result in longer term disability. In these cases, in addition to worrying about the recovery from our injuries or disabilities, we also have the stress of how to continue paying the household bills.  This is where we can use accident disability insurance.

Is Accident Disability Insurance Needed?

Although many people are unaware of this fact, our National Insurance Tax no longer provides cover for disability. The current government will only assist us if we cannot work at all.

If you find yourself in a position of not being able to work at all, you can still only expect to be given approximately £60 each week from the government. The payments received are taxable so the pittance is reduced even further by the taxes being deducted. This amount of money does not even cover the basic needs of life, never mind the mortgage so you may find yourself having to buy extra mortgage insurance by way of low cost mortgage protection.

The result of recent research carried out by Norwich Union shows that there are almost two million people currently out of the workplace due to long term illness or injury. Statistics also indicate that you are up to twenty times more likely to suffer long-term illness prior to reaching sixty five years of age than you are to actually die.  These figures support the fact that you should consider accident or disability insurance to be of great importance.

What Does Accident or Disability Insurance Cover You For?

When you take out this insurance, you will find it is quite simple to understand. You are covered should you need to claim for an incident involving either accident or disability.  The insurance is valid for varying lengths of time, averaging at around twelve months, but this basically depends on the type of cover and the details of the claim.

Regrettably, some accidents can result in more serious problems and your disability may become long-term or even permanent.  If this happens you are likely to need to change your insurance cover.  You could speak to your adviser to see which other types of insurance are relevant to you and your situation.   As your mortgage is probably your largest outgoing you may decide to take out mortgage protection insurance.  An alternative to using your adviser, is to look for your insurance needs on line. It is not difficult and if you search for buy mortgage insurance uk there will be many options available to you with just a few clicks of the mouse.