What is NNW? Explanation and key information

Are you wondering what accident insurance is and how it works in practice? Accident insurance provides financial protection in the event of injury, permanent health impairment, or death as a result of an accident. In this brief explanation, you will find the most important information to help you make an informed choice about the policy that best suits your needs.

Accident insurance covers the life and health of the insured, and benefits are paid for, among other things, permanent disability, hospital stay, medical expenses, or in the most serious cases, death as a result of an accident. Below we present the scope, benefits, costs, and differences compared to other types of insurance.

Standard accident insurance policies provide benefits for: permanent health impairment, hospital stay after an accident, reimbursement of medical and rehabilitation costs, as well as benefits in the event of death as a result of an accident (usually 100% of the sum insured). Add-ons are often available, such as the purchase of aids or orthopedic items up to a specified limit.

The percentage of permanent disability is determined on the basis of medical documentation and tables of standards in the General Terms and Conditions of Insurance. For 100% disability, 100% of the sum insured is usually paid, and for partial disability, the corresponding percentage. This is a transparent mechanism that simplifies the settlement of claims and shortens the time of payment.

The policy is valid at home, at work, and during activities—including sports, if they are included in the scope. Transportation options are also available (for drivers and passengers). More about this, what is NNW and how to choose them, we describe in our guide.

The greatest value of accident insurance is quick financial support after an accident. Benefits help finance treatment, rehabilitation, and periodic expenses when you are unable to work. In addition, the payment to the family after death as a result of an accident provides a safety net and budget stability.

If you commute to work, play sports, have children, lead an active lifestyle, or do physical work, your risk of injury increases. You can tailor your policy to your needs by extending your coverage with driver packages, sports add-ons, or higher treatment limits. See also, why it's worth it have accident insurance.

The premium depends mainly on the sum insured, scope, age, period of coverage, and selected limits. The broader the coverage and the higher the sums, the higher the price, but also the greater the real assistance after an accident. It is good practice to adjust the sum to your income and fixed household expenses.

Below you will find a summary of the most common benefits. Details and percentage rates can be found in the general terms and conditions of a specific insurance company.

To check the approximate premium, use this simple tool: NNW calculator. In just a few minutes, you can compare the ranges and choose the amount that suits your needs.

Accident insurance differs from life insurance in that the payout depends on an accident and injury. In a life insurance policy, life events (including death, regardless of the cause) are key. Health insurance, on the other hand, finances access to medical services rather than a lump sum payment for injury.

In practice, accident insurance supplements life and health insurance policies: it provides a quick cash injection after an injury, helps cover the costs of treatment and rehabilitation, and helps the family cope financially after the most serious accidents.

Check the definition of an accident, exclusions (e.g., illness, medical procedures, gross negligence), medical expense limits, and daily hospital rates. Make sure that the sum insured does not decrease after payments and that the policy is valid worldwide.