Bronx, New York
3397 E Tremont Ave
Bronx, NY 10461
(718) 822-0500

Accidental Death & Dismemberment Insurance: A Lawyer Explains What It Is & What It Covers January 18, 2018

Bronx, New York City, NY
Accidental Death & Dismemberment Insurance: A Lawyer Explains What It Is & What It Covers, Bronx, New York

Accidental Death and Dismemberment Insurance (AD&D) is a type of life insurance policy that pays only if the policy owner dies or is maimed in an accident. People often choose AD&D as a supplement to standard life insurance as an additional safeguard should you get into a serious accident. But what should an AD&D policy cover to provide the most comprehensive protection possible? Lawyer Stephen B. Kaufman, P.C., in the Bronx, NY, answers this question below.

Protection for Your Beneficiaries

First and foremost, an AD&D policy must offer a payout to your beneficiaries in the event you lose your life in an accident. The exact payment varies based on your insurer and the plan you choose. Be sure to read the fine print of your policy as restrictions and exclusions are normal for AD&D. Your plan, for instance, will likely stipulate that an accident must be reported within a stated time frame to qualify for a payout. Also, it's common for an insurer to request proof that the accident in question was the cause of the injuries that led to death.

Financial Support If You Lose a Body Part

lawyerDismemberment may not be the most pleasant word in the English language, but it does describe one of the key circumstances for which AD&D provides a level of protection. If you lose a body part, your AD&D will pay you a certain amount of money. Understand, however, that plans often pay less to a person who lost one body part, typically 50% of the full benefit amount, than they do to those who lost multiple body parts. The loss of eyesight, hearing, or speech might also qualify for a payout, so check your policy if this is the situation you're in.

If you've been in a serious accident, or you've lost a loved one in such an accident, make certain you have the full protection of the law on your side. Personal injury lawyer Stephen B. Kaufman, P.C., has served the Bronx area for more than four decades. Call (718) 822-0500, visit his law firm's website, or connect with them on Facebook or Twitter to arrange a consultation with a lawyer.

Other Announcements, Events and Deals from Stephen B. Kaufman, P.C.
4 Driving Tips for Late Autumn, Bronx, New York
Many drivers prep their cars for icy, slippery roads and the reduced driving visibility that comes with winter. However, they don't always exercise the same preparedness more
Who's Liable If Someone Gets Into an Accident With Your Car?, Bronx, New York
As the primary owner of your vehicle, you likely understand the importance of having insurance coverage in the event of an automobile accident. However, what happens if your car is more
3 Tips for Protecting Loved Ones From Elder Fraud, Bronx, New York
As your loved ones grow older, it’s natural to be concerned about their physical well-being. However, you should make sure to watch over their financial well-being as well, as more
4 Common Office Injuries Employees Suffer, Bronx, New York
Although an office may not seem like a dangerous place to work, office employees are still at risk of suffering many types of serious injuries. Since employers are legally more
What to Do If You're Struck by a Vehicle, Bronx, New York
In any type of traffic accident, there are certain actions you need to take at the scene of the incident. If you’ve been struck by a vehicle, taking the proper actions will help you more