This coverage provides a lump sum benefit (up to the policy limit) if loss of life or limb occurs while boarding, traveling in, or disembarking from an airplane during a covered trip.
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What does Flight Accident cover?
What the airlines cover
Important notes about this coverage
What type of policy covers this?
How much coverage does each company provide?
Jack and Liz had been enjoying their golden years, which they kept packed with travel and visits to their grandchildren, who were scattered across the U.S. They had left their careers, and the life insurance benefits that came with them, behind years ago because their children were grown and their home was mortgage-free.
Jack and Liz were conscientious about keeping travel insurance coverage, however, which their children were grateful for when their plane crashed on landing at the end of their latest overseas trip. Their kids divided the funds and invested them in the grandchildren’s college savings accounts. Jack and Liz would have wanted it that way.
This coverage provides a lump sum payment if a loss occurs. Specifically, it provides benefits up to the policy limit if the insured sustains an injury that results in:
Specific requirements (all must apply) for this coverage include:
Death benefits are paid paid at 100% of the policy limit. Dismemberment benefits are paid at a percentage (typically 50%) for one loss and increase for multiple losses up to 100% of the policy limit. Refer to the schedule of benefits in the policy certificate for details.
This coverage does not provide for emergency medical evacuations or the repatriation of the insured’s remains. Those coverages are separate and designed to transport the insured to a location where medical treatment can be received, or, in the case of death, to a location where their body can be prepared for burial.
Most travelers wave the need for flight accident coverage thinking the airline will provide compensation in the event of an accident.
In many cases, the circumstances around an aviation accident involve the efforts of federal agencies who will investigate the accident, pilot conduct, flight operations, aircraft maintenance schedules and more. While the airline will eventually be required to provide compensation, it is impossible to know how much compensation will be provided and when that compensation will be available (especially if lawyers get involved).
Flight accident coverage provides more immediate compensation and you can determine the beneficiaries of your policy. Flight accident coverage is similar and in addition to your existing life insurance plan (if you have one).
Flight accident coverage is offered in both travel medical and package plans. In some cases, flight accident coverage is an optional upgrade that can be added to the original policy.
Damian Tysdal is the founder of CoverTrip, and is a licensed agent for travel insurance (MA 1883287). He believes travel insurance should be easier to understand, and started the first travel insurance blog in 2006.