In the event of an accident resulting in an injury, a health insurance policyholder may still be responsible for out-of-pocket expenses.
Individual plans are designed to cover a single person or family that is not purchasing accident insurance through an organization.
Group accident insurance plans are those that are created to be sold through an employer or other incorporated organization.
With on-demand accident insurance, the policyholder receives coverage the same day they apply for it.
In addition, on-demand insurance providers may offer episodic insurance policies, which allow the policyholder to customize the term of the policy (i.e. the duration of coverage).