Accident insurance is a type of coverage that provides financial protection in the event of an unexpected injury or accident. It typically pays out a lump sum or benefits to help cover medical expenses, lost wages, and other costs associated with the accident. This insurance can be beneficial for individuals who want to safeguard themselves against the financial impact of unforeseen events. Many policies offer different levels of coverage, allowing individuals to choose a plan that fits their needs. Accident insurance can be purchased as a standalone policy or as an add-on to other types of insurance, such as health insurance or life insurance.