In Summary
| 📄 Section | 🛡️ Description |
|---|---|
| 👨🎓 Introduction | Are you a student having trouble navigating through all the insurance options? This article explains what an individual accident insurance is and why it is beneficial. |
| 🤕 Why Take Out an Individual Accident Insurance? | This insurance covers the consequences of bodily injuries sustained during accidents in a professional or personal setting, regardless of liability. Without this insurance, only limited compensation is available, such as in cases of work or traffic accidents. |
| 🛡️ What Does the Personal Accident Guarantee Cover? | The insurance offers various protections: disability, death, work interruption, medical and legal expenses, as well as specific aid for children needing educational support. It can be integrated into different types of insurance contracts, including school and professional policies. |
| 🏫 Is AI Insurance Mandatory with School Insurance? | Although not mandatory for basic school activities, this insurance is highly recommended for optional activities such as school trips. It may already be included in some family home insurance policies. |
| 🔄 Differences Between Individual Accident and Civil Liability | Civil liability insurance covers damages caused to others, while individual accident insurance covers the insured for bodily injuries sustained, regardless of liability. Medical expense coverage and financial compensation for lost income are also key aspects of individual accident insurance. |
| 📝 How to Subscribe? | Before subscribing, check if similar coverage is already included in your existing contracts. You can take out specific insurances tailored to student or professional life, often offered at competitive rates and covering private risks. Bundled options with professional or sports organizations may also be available. |
You are a student and having difficulty navigating between all the insurances and contracts? No worries, we clarify things for you! Here, we focus on individual accident insurance. Discover what it entails and why it would be beneficial for you to subscribe.
Why Take Out an Individual Accident Insurance?
Individual insurance allows you to cover yourself in case of an accident. In reality, this insurance covers the consequences of bodily damage sustained. Individual accident insurance applies whether your accident occurs in a professional or personal context and whether you are responsible for the accident or not.
It’s important to know that, if you do not have this insurance, only two cases of damage that lead to compensation:
- A traffic accident where you are a cyclist or pedestrian. Here, it is the auto insurance of the vehicle causing the accident that provides compensation.
- A work accident if you are a employee since you are covered by the company’s occupational accident and occupational disease insurance.
These are the only cases where you are mandatorily compensated; otherwise, you need to subscribe to an individual accident insurance. Therefore, it is wise to subscribe to this guarantee to be protected against a broader range of accidents.
What Does the Personal Accident Guarantee Cover?
The personal accident guarantee can be included in several insurance policies, such as the school individual insurance, auto insurance, ordinary life insurance (called GAV), insurance within a sports club, and professional insurance for non-salaried workers.
Individual accident insurance covers the bodily damages of an injured person. This contract allows for:
- Disability coverage: if the insured experiences an accident that prevents them from performing their professional activity, a pension/lump sum is paid to compensate. The amount is determined based on the severity of the injury. Partial permanent disability (IPP) is recognized from 33% disability, and total permanent disability (IPT) from 66%.
- Death coverage: a capital is paid to the beneficiary designated in the contract, in case of the deceased insured, to notably cover funeral expenses.
- Temporary work interruption (ITT): if the accident results in an absence from work, the insured receives a daily indemnity in addition to that from Social Security.
- Legal defense costs (partially covered): related to the accident, in case of legal proceedings.
- Medical expenses coverage: beyond Social Security, including hospitalization, treatment, and medications.
- Educational support costs if the injured is a child immobilized at home due to the accident.
- Repatriation, rescue, or search costs coverage.
Different plans are available, and the amount of indemnity varies depending on your choice.
Is AI Insurance Mandatory with School Insurance?
The answer is No. Individual accident insurance is optional, but highly recommended, especially for protecting your child. As a student, it safeguards you against damages incurred during activities and in mandatory school events.
However, individual accident coverage is mandatory for all optional school activities. For example, during a school trip or outdoor visit, the child must have this coverage. It’s possible you already benefit from such a guarantee if your parents took out a multi-risk home insurance, a policy for the entire family, or an accident insurance policy for life.
What Are the Differences Between Individual Accident and Civil Liability?
The difference between private life civil liability insurance and individual accident coverage is simple. They address different protection needs and cover specific risks.
Liability Insurance (RC)
Liability insurance (RC) allows you to cover the consequences of damage you may cause to others. The main guarantees of civil liability focus on three main points:
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Discomfort to be compensated: Damage caused to another person, whether material or bodily. For example, if you accidentally break someone else’s object or injure someone unintentionally, liability insurance intervenes to cover the repair or care expenses.
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Situation causing the damage: The guarantee considers the context in which the damage occurred. It could be a domestic accident, an incident during a leisure activity, or even in your work. The insurance analyzes the circumstances to determine whether the coverage applies.
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Relationship between the damage and the discomfort observed: It involves assessing the direct connection between the incident and the prejudice suffered by the victim. This analysis helps quantify the amount of compensation necessary to repair the damage caused.
Individual Accident Insurance
As for individual accident insurance, it allows you to cover bodily damages you suffer following an accident, whether you are responsible for it or not. Here’s how it fundamentally differs from liability insurance:
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Personal protection: Individual accident insurance focuses on the protection of the insured person themselves, not on damages caused to others. It intervenes when you are injured or suffer bodily damages, regardless of liability.
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Coverage of medical expenses: This insurance covers medical costs, hospitalization, and rehabilitation. For example, if you get injured while practicing a sport or in a domestic accident, the insurance will cover the expenses related to your recovery.
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Financial compensation: In case of loss of income due to temporary or permanent incapacity, individual accident insurance provides financial compensation. This can include daily allowances during the sick leave period or a lump sum in case of disability.
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Death guarantee: In case of death resulting from an accident, a capital is paid to the beneficiaries named in the contract. This sum helps cover funeral costs and assists loved ones in facing the financial consequences of the loss.
| Criteria | Liability Insurance (RC) | Individual Accident Insurance |
|---|---|---|
| Objective | Covers damages caused to others | Protects the insured against bodily injuries |
| Discomfort to be compensated | Material or bodily damages caused to another person | Bodily damages suffered by the insured |
| Situation causing the damage | Domestic accidents, leisure, work, etc. | Domestic accidents, leisure, work, etc. |
| Relationship between damage and discomfort | Assessment of the link between the incident and the prejudice suffered by the victim | Not applicable, focuses on damages suffered by the insured |
| Personal protection | No, covers damages caused to others | Yes, protects the insured themselves |
| Medical expense coverage | Not applicable | Yes, covers medical expenses, hospitalization, rehabilitation |
| Financial compensation | Not applicable | Yes, daily allowances, lump sum in case of disability |
| Death guarantee | Not applicable | Yes, payment of a capital to designated beneficiaries |
How to Subscribe to an Individual Accident Insurance?
Before subscribing to this insurance, we advise you to check first that this guarantee is not already included in one of your existing contracts (GAV, auto, or multi-risk home insurance, for example). If this insurance is not present in your contracts, we have exactly what you need!
Our civil liability insurance at €12.50 per year protects you: this coverage includes a civil liability guarantee and offers you 100% protections tailored to student life and young professionals. Additionally, it also covers your private life. For example, if you suffer an accident or get scammed online: all the hidden flaws of products that you might not think about. With SMENO, you can also subscribe to our Insurance Pack for only 20€ per year!
You can also reach out to various organizations that might offer you a group contract. Sports federations or even professional federations can provide these. They also offer tailored offers to their specific activities. And to ensure maximum coverage, consider subscribing to a health insurance plan!
In conclusion, individual accident insurance allows you to be covered in case of an accident, whether you are at fault or not, which is quite important!
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