I don't even understand why that kind of insurance would go up. Most accidents are related to autos, and the average miles driven by most people has decreased dramatically.
I don't even understand why that kind of insurance would go up. Most accidents are related to autos, and the average miles driven by most people has decreased dramatically.
These types of policies can cover all types of odd stuff. They can substitute for a workers comp policy if you’re in a profession or non-profession that doesn’t have Workmen’s Comp. Except it also covers you for accidents that happen when you’re not at work. Pays your wages if you miss time for work. Is also a long term disability policy if you encounter a disabling condition. Also can have some life insurance policy type benefits. (I am not an actuary but I am guessing that it is the long term disability that gets very expensive for them)
These types of policies can cover all types of odd stuff. They can substitute for a workers comp policy if you’re in a profession or non-profession that doesn’t have Workmen’s Comp. Except it also covers you for accidents that happen when you’re not at work. Pays your wages if you miss time for work. Is also a long term disability policy if you encounter a disabling condition. Also can have some life insurance policy type benefits. (I am not an actuary but I am guessing that it is the long term disability that gets very expensive for them)
(post is archived)