Fracture insurance - is it worth it?

Everyone is afraid of fractures and other serious limb injuries - any such accident involves pain. Those who work physically are in an even worse situation. If you are a courier, warehouseman, work on a construction site or have another profession that requires a lot of movement and strength, you should definitely consider whether fracture insurance would help.

Fracture insurance - is it worth it?

How does fracture insurance work in the UK?

Fracture insurance protects you and your family from the lack of livelihood and medical expenses resulting from an injury. Typically, the insurer will pay a one-time sum that will allow you to pay for ongoing expenses during your recovery.

Types of fracture insurance

Insurance in the UK is growing all the time, with insurance companies introducing new products practically every year. Despite this, fracture insurance has still not appeared on the market as a separate policy. Instead, it takes the form of an add-on contract, which you can buy as an option to either life insurance, critical illness insurance or accident insurance.

Protection packages are offered by companies such as Aviva, Legal & General, Zurich and Cirencester Friendly. As a rule, their purchase does not involve a large expense - it is literally a few pounds a month. The benefits offered by insurers vary, of course, but for the most popular companies, they are as follows:

Legal & General £4,000 Aviva £6,000 Zurich £6,000 Cirencester Friendly £1,500

While adding that the value of the benefit paid depends on the type of injury, there is also a periodic amount limit - you will not receive more than a certain amount per year. Some policies cover sprains and dislocations of joints as well as rupture of ligaments, while others work only in situations of mechanical damage to bones.

Sometimes insurers automatically extend Income Protection policies to cover fractures. Royal London and Aegon are good examples. With some companies, purchasing fracture insurance is only possible through a broker, such as Extend Finance. This is the practice of Legal & General.

Fracture insurance as elements of accident insurance

The second option encountered is to purchase a fracture policy in addition to accident insurance. As a rule, such products introduce 5 levels of protection, called UNITs. The broader the package you buy, the higher the premium, but also the higher the benefit amount. In addition, you can also cover your children with fracture insurance - the method of protection is the same, although the amount paid out is less.

Typically, this type of policy also introduces a division between small and large fractures, which affects the value of the benefit. Instead, there are no annual amount limits. When choosing fracture insurance for yourself or your loved ones, pay attention to the amounts paid out - if in your profession you most often break a certain bone or sprain a certain joint, it is definitely worth opting for a product that will protect just that exposed body part. You can find a catalog of fractures, amount limits and other important information in the document entitled Key Facts.

Fracture insurance as elements of accident insurance

Exclusions in fracture insurance

Many insurance companies introduce some additional restrictions. Exclusions for the payment of benefits include, in particular, high-risk sports and activities. The idea is that their practice is particularly often associated with the occurrence of injuries that normally give rise to a claim for money. This group includes, among others:

• Mountain biking;

• Boxing, cage fighting or other martial arts;

• Rugby;

• Horseback riding;

• Motorcycle sports;

• Active participation in an unlawful act;

• Fractures due to degenerative bone disease (osteoporosis).

The exact composition of the list depends on the insurance company. If you are involved in a particularly traumatic sport, be sure to tell us about it on this - we will try to find a policy that does not cover it. Let us also point out that there are insurance companies that do not protect their customers against so-called “small fractures”, such as nose and fingers. Of course, they are the most common injuries, but also have the least impact on your ability to work.

Planning to buy fracture insurance in the UK? Be sure to contact us. We will not charge you any fee for our assistance - we only receive commissions from insurers. Thanks to us, you will find the best-f