PSI Ohio Insurance Practice Exam

Which type of insurance provides coverage for medical expenses incurred due to an accident?

1. Life insurance

2. Disability insurance

3. Accident insurance

4. Health insurance

The correct answer is: Accident insurance

Accident insurance provides coverage specifically for medical expenses that arise as a direct result of injuries sustained in an accident. This type of insurance typically covers costs such as hospitalization, surgery, and other medical treatments related to the accident, without digging into the insured's overall health coverage or necessitating an extended waiting period. Life insurance, on the other hand, is designed to provide financial support to beneficiaries in the event of the policyholder's death, rather than covering medical expenses. Disability insurance offers benefits to individuals who are unable to work due to illness or injury but does not specifically cover medical expenses associated with those conditions. Health insurance, while it may cover medical expenses, does so more broadly for an array of health issues, rather than being targeted solely at accidents. Thus, accident insurance stands out as the most relevant type for covering medical costs stemming from accidental injuries.