(2023) Is private accident insurance worth it?

On the way to and from work, and of course during work itself, employees are covered by statutory accident insurance; this also applies to schoolchildren and students. However, two-thirds of all accidents occur during leisure time or in the private sector, not at the workplace. For these areas, you need private accident insurance.

Private accident insurance is a good precaution. It does not protect the insured and their family from the accident itself, but from possible financial consequences.

The most comprehensive protection in the event of occupational disability is certainly provided by occupational disability insurance. However, not everyone who wants to can take out such insurance, for example, because they are rejected by the insurer due to a pre-existing condition or do not have a recognised occupation.

People who are not employed and children are generally not included in occupational disability insurance. For them, private accident insurance is definitely advisable and a sensible alternative. In the event of a claim, it replaces the loss of working capacity with a capital payment and/or a pension.

What is covered: Private accident insurance covers all accidents in daily life, including occupational accidents, worldwide. Private accident insurance pays in the event of disability due to an accident, regardless of whether it results in occupational disability or not. This is the major difference from occupational disability insurance. A benefit for the death of the insured person can also be included in the accident insurance. However, to fully protect the family in the event of the main earner's death, term life insurance is far more suitable.