# Accident Only Insurances
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## The Plan B for when you're not eligible for Plan A — the next best thing to reduce your risks
Accidents change everything.
They can suddenly wipe out your ability to earn an income, endanger your family's stability and alter your confidence for the future.
It's not uncommon for accidents to become the start of unexpected financial stress that can change your way of life. They can push you into more debt to pay for unexpected medical procedures, drain your cashflow, and can even force you to sell off investments or assets to cover debts, at the worst possible time.
The last thing on anybody's mind should be money and returning to work.
### What to do when you don't qualify for comprehensive insurance cover?
For many people, a surprise major medical bill or the sudden loss of their income is understandably overwhelming.
- Most people simply protect themselves and their families with comprehensive [Income Protection](https://unusualrisks.com.au/index.php?Itemid=740) and[ Disability Insurances](https://unusualrisks.com.au/index.php?Itemid=751).
- But if you don't qualify for this type of comprehensive insurance cover, the next best option may be [Accident Only Insurances](https://unusualrisks.com.au/index.php?Itemid=753).
Living with a complex health diagnosis or holding down a high-risk occupation and not qualifying for traditional insurance cover is all about living with uncertainty - and we'd love to help you better manage that.
### Get professional advice (and we'd love to help you out with that)
These types of specialist policies are designed to help people who, for a variety of reasons may not be eligible to qualify for comprehensive insurance cover, but who still have financial needs to protect and families to keep safe. These policies are not suitable for a DIY approach so be sure to get professional financial advice about your situation.
> No one's immune from life-changing accidents that can remove their earning capacity and destabilize the financial security of their family.
### Why use Accident Only Insurances?
Accident Only Insurances are the next level of personal insurance policy designed to **protect against the financial impact of an unexpected accident - whether that involves a Long term Disability, Loss of Income, or even an unexpected Death**, as defined in the policy.
- Accident Only Insurance cover as the name suggests pays a benefit in the event of an accident occurring and you needing to claim.
- Accident Only Insurance cover can be a helpful part of your protection strategy when you simply don't yet qualify for comprehensive insurance coverage but still need some level of cover to reduce your risks.
### What types of Accident Only insurances are available?
The three main types of accident only covers available are:
- **Accident Total & Permanent Disability (ATPD)** - pays a lump sum benefit if you are totally and permanently disabled as a result of an accident. There are different types of cover from any occupation or the higher grade own occupation category of claim, and even special definitions to help protect your non-working partner too.
- **Accident Income Protection (AIP)** - pays up to 75% of your income per month (and can reimburse your employer’s super contributions too) if you’re working and totally or partially disabled as a result of an accident.
- **Accidental Death (AD)** - pay a lump sum of money if you died from an unexpected and unintentional accident.
**Pro Tip**: Only a small number of insurers offer this type of specialist cover. Like all specialist insurance cover, this is not suitable for a DIY approach or a simplified online comparison service. Get professional advice from the risk insurance specialists at Unusual Risks Insured.
### When you may need an Accident Only Insurance option
There are times when *you may not be eligible for a comprehensive life insurance policy*, but you still need protection.
This could be for:
- **Temporary reasons** - while you recover from an existing injury or complete planned surgery or therapies, or
- **Ongoing reasons** - due to a previous or permanent health issue or even your type of occupation.
There are different grades of Accident Only Insurance cover, all with varying levels of medical assessment and they can become a practical alternative if your current health or occupation makes getting comprehensive cover unavailable.
### Who this is especially relevant for?
Many people for very different reasons simply do not qualify (or don't yet qualify) for a comprehensive insurance policy to protect themselves or their families, but still need an insurance alternative.
This is especially relevant for people living with:
- a **complex medical history** - like leukemia
- a **very recent medical procedure** where the long-term outcomes are not yet known - like very recent gastric banding, very recent mental health support, and organ transplant recipients
- **difficult to manage medical conditions** - where the risk of ongoing management makes them commercially uninsurable - like Dysplastic Nevus Syndrome where a person can have so many moles on their skin, that the risk of missing one during a routine examination for melanoma is overly high
- **family genetic conditions** where the statically increased risks make them not commercially viable for comprehensive insurance cover
- **high-risk occupations** - like Crane Drivers, Tree Loppers, High Voltage Linesmen and frontline Emergency Services Workers
- **self employed occupations with very long hours** who don't qualify for comprehensive insurance cover or
- **who want to minimise their out of pocket expenses in the event of a workplace accident** occurring
Whatever the reason, an Accident Only Insurance policy can be the next best thing (when you don’t qualify for the best thing) and you can still protect yourself from the financial effects of accidental death, disability or loss of income an accident can create.
### Case Study
Meet **[Ramesh](https://unusualrisks.com.au/index.php?Itemid=717).** He's positive, energetic and living with a genetic kidney disease. An experienced software coder, he relies upon his ability to type code and to use design software tools.
As a teenager, Ramesh found out he had inherited Polycystic Kidney Disease and later he received a successful kidney transplant from a sibling.
As part of his healthy (and some would say overactive) lifestyle he's now become a keen cyclist later in life. He's part of a social bike club that does long rides on weekends and he finds it helps him clear his head and unplug from his online work life.
- Ramesh was unable to qualify for comprehensive Income Protection or Disability Insurance cover due to his Polycystic Kidney Disease.
- So he decided to take out the next best option of Accident Only Income Protection and Accident Only Total & Permanent Disability Insurance.
- His Accident Only Income Protection cover can pay up to 70% of his income (and 100% of his employer's Super contribution) on a claim while he recovers.
During a recent club group ride, a car failed to stop at a red light and collided with three of the lead bikes, knocking Ramesh off his bike into the gravel on the roadside, breaking both his wrists and three fingers.
There is a lot of rehabilitation ahead and doctors are not sure if he'll recover full use of his wrists and hands. It's early days in recovery yet, and Ramesh is undergoing extensive hand and wrist rehabilitation.
Lots of questions about his future race through his mind daily - but financial security is not one of them.
His **Accident Only Income Protection** now pays him a monthly income which means he can still pay the mortgage and meet family living expenses.
If he does face the possibility of a long-term disability, Ramesh's **[Accident Only Total & Permanent Disability](#Accident-Total-and-Permanent-Disability)** cover will pay him $2,000,000 in a lump sum if doesn't recover the full use of his wrists and hands and he has to adjust to living with a permanent disability unable to return to work in his current job.
##### **Questions people ask about ...**
### Frequently asked questions about Accident Only protection insurance.
### Why do people use Accident Only Insurance cover?
Simply put, insurance to protect you from the unexpected.
Accident Only Insurance policies can form part of a strategy when you don't qualify for comprehensive insurance cover and you still need some level of cover to reduce your financial risks. Accident Only insurance cover as the name suggests pays a benefit in the event of an accident occurring, as defined in the policy.
### How does this type of insurance help you?
Accident Only insurance is different to the comprehensive cover that also protects against death, disability and illness due to medical conditions such as cancer, heart disease and stroke.
If you don't qualify for comprehensive insurance cover, an accident only policy may be the next best thing.
### What types of injuries might be covered under an Accident Only Income Protection insurance?
Injuries resulting directly from accidents that stop you from being able to continue to earn an income could include; fractures, dislocations, concussions, lacerations, eye injuries, torn knee cartilage, ruptured discs, and severe burns. Accident means 'accident' and is caused by an unexpected, external, and physical force.
### Are Accident Only insurance policies fully medically assessed?
**No**. Most Accident Only Insurance policies are limited in their medical assessment and use a set of application questions more limited in scope than a comprehensive insurance questionnaire.
### Do I have to be gainfully employed to qualify for Accident Only Income Protection?
**Yes**. Allow for a minimum of at least 10 hours a week for entry level cover and a minimum number of 20 hours a week of work for professionals (and 30 hours for manual labour jobs) of gainful employment to be eligible to apply for standard cover.
### What might not be covered by an Accident Only insurance policy?
Each insurance provider has its own assessment criteria but there are some common injuries that may not be covered by Accident Only insurance:
Expect an exclusion for an injury happening as a result of an existing sickness or disease, deliberately reckless or dangerous activities and injuries that occur while driving under the influence of certain drugs or alcohol and excludes any mental health symptoms or disorders arising directly or indirectly from the accidental bodily injury.
### Can I have the premiums paid from my super fund?
**Yes**. Depending upon your situation Accident Only Insurance premiums can be paid monthly or half-yearly and yearly may be tax-deductible and paid direct from a superannuation fund. Depending upon your strategy, premiums could be paid from both your super fund and personal funds - often referred to as a Super-Linked policy.
### Is Accident Only insurance more expensive than its comprehensive insurance counterparts?
**No**. Accident Only insurances are usually a lower cost alternative designed specifically for those who are ineligible for comprehensive insurance cover.
### Can I upgrade the policy to full cover as I need later?
You can always apply to upgrade an existing policy to a higher level of cover when your personal situation changes or when you might become eligible for comprehensive cover.
### Do I have to update the insurance company about future changes in my health or occupation?
**No**. Once an Accident Only Total & Permanent Disability policy or Accident Only Income Protection policy is in force, any future changes in your health (or even your occupation type), will not affect your cover while the policy remains paid up and in force.
##### Where to Now?
##### Continue your journey…
- Make sure you Browse through our [Blog](https://unusualrisks.com.au/index.php?Itemid=696)
- Have questions? See our[ Frequently Asked Questions](https://unusualrisks.com.au/index.php?Itemid=699)
- Discover someone with a similar situation in our list of [Case Studies](https://unusualrisks.com.au/index.php?Itemid=697)
- Get in touch through [Email](https://unusualrisks.com.au/index.php?Itemid=848) or jump the queue and [Call for a Chat](https://unusualrisks.com.au/index.php?Itemid=848)
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MCX\_Service\_Avatar\_Title: Specialised Accidental Risk Insurance Portfolio Summary##### 🏛️ Service Contract Summary
##### 🏛️ Estate Planning Documents for Modern Relationships
MCX\_Service\_Avatar\_Title: Modern Estate Planning & Relationship Sovereignty**🎯 Our Service Commitment** MCX\_Purpose\_Avatar
This service acts as a **relationship sovereignty firewall and permanent asset stabiliser** for LGBTQIA+ individuals, same-sex couples, and blended modern families. It is an amalgamated strategic architecture engineered to protect your chosen family structure, ensure bulletproof beneficiary certainty, and insulate your wealth from hostile third-party legal challenges. Unusual Risks constructs your primary digital estate map and protective framework, before seamlessly transferring your profile to the corporate advisory team at Sapience Financial for final legal placement and formal trust execution.
**✅ Standard Performance & Integrated Benefits** MCX\_Performance\_Metric
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**🛡️ Hard Constraints & Handover Parameters** MCX\_Boundary\_Rule
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**❓ Common Clarity Point**
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