Paul Sanchez
Personal accident insurance is an optional extra offered by some insurers in Ireland, providing financial support in the event of accidental injuries, disability, or death. It is not mandatory to have personal accident insurance in Ireland, but it is available as an add-on to motor insurance policies, and can also be purchased as a standalone product.
| Characteristics | Values |
|---|---|
| Motor insurance in Ireland | Third-party insurance is the minimum level of motor insurance required. |
| Motor insurance outside Ireland | If outside Ireland for more than 180 days, you may not be covered. |
| Personal Accident Cover | Optional extra when buying Motor insurance. |
| Personal Accident Cover payout | Fixed sums paid in the event of death or serious injury to an insured person. |
| Personal Accident Cover benefits | Help with medical expenses, loss of earnings, adapting your home, and more. |
| Personal Accident Cover age limits | Available for those aged 18-74 and children from 6 months to 18 years old or 23 if in full-time education. |
| Motor insurance claims | Notify the Gardai and your insurer as soon as possible after an accident. |
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What You'll Learn
- Personal accident insurance is an optional extra when buying motor insurance
- It covers serious injury or death resulting from an accident
- It pays out fixed sums to cover medical expenses and/or loss of earnings
- It is available to Ireland residents aged 18-74
- It covers accidents 24/7, at home, at work, or abroad (up to 180 days)
Personal accident insurance is an optional extra when buying motor insurance
In Ireland, third-party insurance is the minimum level of motor insurance required. This type of insurance will compensate the other parties involved in an accident if you are at fault, including covering damage to their vehicle and any injuries they sustain. However, third-party insurance does not provide any compensation for damage to your vehicle or injuries you sustain in an accident. Comprehensive insurance, which is not mandatory, provides more coverage in the event of an accident, but it typically only covers the cost of damage to the vehicle and does not compensate drivers for injuries.
While not mandatory, personal accident cover can provide valuable financial protection in the event of an accident. It is important to carefully consider the optional extras offered by motor insurers to ensure you have the level of coverage you need. Other common optional extras offered by motor insurers in Ireland include No Claims Bonus Protection, windscreen cover, cover for damaged or stolen personal items, emergency/recovery services, and cover for a rental car if your own car is being repaired.
Insurers in Ireland typically offer a premium discount for motorists with a claims-free record. Policyholders can receive a percentage discount on their premium for each year of claims-free driving, up to a maximum of five years. Additionally, most insurers offer the option to purchase protection for your no-claims bonus, allowing you to make claims without fully losing your no-claims discount.
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It covers serious injury or death resulting from an accident
Personal accident insurance is not mandatory in Ireland. However, it is an optional extra that can be purchased with car insurance to protect you in the event of a serious injury or death resulting from an accident. It is also available as a standalone policy.
Personal accident insurance provides financial support in the event of an accident, paying out a fixed sum in the event of death or serious injury to the insured person. This can help to cover medical expenses, loss of earnings, and other costs incurred as a result of the accident. For example, it can help pay for taxis to and from the hospital, pay off bills while you are off work, adapt your home to help you live independently after your injury, or even take a holiday to recover from the accident.
Allianz, for example, offers Personal Accident Cover as an optional extra with their Third Party Fire & Theft or Comprehensive policies. If selected, this cover could compensate the policyholder who suffers serious bodily injury or death by accidental means while driving. Under the terms of the policy, serious bodily injury includes loss of sight, loss of limb above the wrist or ankle, permanent total disablement, temporary total disablement (payable up to 50 weeks), and medical, surgical, and hospital fees (payable up to 10 weeks).
AIG also offers a Personal Accident Plan in Ireland, which provides coverage for accidents 24 hours a day, 365 days a year, both at home and abroad (up to 180 days). This plan pays out cash directly to the insured person, who can then use the benefit however they like. The plan is available to Republic of Ireland residents aged between 18 and 74, as well as children from 6 months to 18 years old or 23 if they are in full-time education.
It is important to note that personal accident insurance does not replace comprehensive motor insurance, which is the minimum level of motor insurance required in Ireland and the EU. Comprehensive insurance typically only covers the cost of damage to the vehicle and does not compensate drivers for injuries to their person. Personal accident insurance is an additional layer of protection that can provide financial support in the event of a serious injury or death resulting from an accident.
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It pays out fixed sums to cover medical expenses and/or loss of earnings
Personal accident insurance is not mandatory in Ireland. However, it is often offered as an optional extra when purchasing motor insurance. It is designed to protect you financially in the event of an accident resulting in serious injury or death.
Personal accident cover provides the certainty that defined fixed sums will be paid out in the event of death or serious injury to the insured person. These fixed sums can help cover medical expenses and/or loss of earnings. For example, AIG Ireland's Personal Accident Plan pays up to €750 for a leg fracture on top of any health insurance benefit. It also includes up to €150 for five physiotherapy sessions. Allianz Ireland Insurance also offers personal accident cover, providing fixed sums to help cover medical expenses and/or loss of earnings in the event of an accident resulting in serious injury or death.
Income protection insurance is another type of insurance that can help cover lost income if you are unable to work due to a medium- to long-term illness, injury, or disability. This type of insurance typically pays out a regular cash benefit that replaces a portion of your lost income. For example, bill cover provides up to 40% of an individual's income up to a maximum of €2,000 for single cover and €4,000 for partner cover. Wage protector is another option for those in certain occupations, paying out an income for 24 months or longer if medical tests show that the individual is severely disabled and unable to work.
When purchasing personal accident insurance or income protection insurance, it is important to carefully review the terms and conditions, including any exclusions or limitations on coverage. Additionally, in the event of a claim, you will typically need to submit documentation such as medical certificates, proof of earnings, and medical assessments.
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It is available to Ireland residents aged 18-74
Personal accident insurance is not mandatory in Ireland. However, third-party insurance is the minimum level of motor insurance required in Ireland and throughout the European Union. This type of insurance only covers damage to another person's vehicle or injuries they sustain and does not provide any compensation for damage to your vehicle or injuries you sustain.
Personal accident insurance is available as an optional extra when purchasing motor insurance. It provides financial protection in the event of an accident resulting in serious bodily injury or death. It can help cover medical expenses and loss of earnings.
AIG Ireland offers a Personal Accident Plan that is available to Republic of Ireland residents aged 18-74. This plan provides benefits such as cash payments directly to the insured person and access to medical professionals for non-emergency consultations. It covers accidents 24 hours a day, at home or abroad (up to 180 days), and can be used for various expenses such as adapting your home for independent living or taking a holiday to recover from an accident.
It is important to note that personal accident insurance policies may have exclusions and limitations, and it is essential to carefully review the terms and conditions before purchasing any insurance product.
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It covers accidents 24/7, at home, at work, or abroad (up to 180 days)
Personal accident insurance is not mandatory in Ireland. However, third-party insurance is the minimum level of motor insurance required in Ireland and throughout the European Union (EU) for all vehicles.
Personal accident insurance covers accidents 24/7, at home, at work, or abroad (up to 180 days). It is designed to pay compensation to the policyholder in case of an accident while travelling by rail, air, road, drowning, or collision. It also covers accidents at home and at work. The insurance covers medical expenses, disability, and accidental death. It provides financial protection against uncertainties and helps to secure the insured's family in the event of an accident. The policy typically covers individuals aged 18 to 65 or 74 years, with some providers extending coverage to those up to 85 years of age.
Personal accident insurance policies offer worldwide coverage and are available to residents of Ireland. The benefits provided by these policies include cash payments made directly to the insured person in the event of an accident, which can be used for various expenses such as hospital visits, adapting one's home for independent living, or taking a holiday to recover from the accident. Some policies also offer daily cash allowances during hospitalisation, cover for dependent children's education fees and medical expenses, and benefits for temporary or permanent total disablement.
It is important to note that personal accident insurance does not cover all types of accidents. For example, accidents encountered while participating in adventure sports, self-imposed injuries, or accidents during defence operations may not be covered. Additionally, there may be reductions in benefits for accidents while riding a motorbike.
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Frequently asked questions
Personal accident insurance is a type of insurance that provides financial protection in the event of an accident resulting in injury, disability, or death. It covers medical expenses and loss of income.
No, personal accident insurance is not mentioned in the list of mandatory insurance types in Ireland. Third-party insurance is the minimum level of motor insurance required in Ireland and throughout the European Union.
Personal accident insurance covers medical expenses and loss of income resulting from an accident. It typically pays out a fixed sum in the event of death or serious injury.
The cost of personal accident insurance varies depending on the insurer and the level of coverage. In Ireland, personal accident insurance plans start from €5.95 per month, with additional benefits available for an extra cost.
