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Accident Insurance: Personal Accident Insurance
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A recent study by Lloyd's of London on the cost of personal accident insurance for Formula One drivers estimated that Michael Schumacher, the sport's top prizewinner, is covered by a policy in excess of $20 million. The next six highest-ranking prizewinners, including Mika Hakkinen, Jacques Villeneuve and David Coultard, have policies estimated at between $5.5 million and $10 million.
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In the event of your demise, injury or disability, you or your nominee may submit a claim on your personal accident insurance. To speed up the claims process, it would help your insurance company by following these procedures.
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Personal Accident Insurance