Accidental death and dismemberment (AD&D) insurance is a form of life and disability insurance. AD&D insurance is designed to provide your family with a lump sum of money in the event of your accidental death. AD&D insurance is also designed to provide you with lump sum compensation if life changing events occur such as an accident causing paraplegia or quadriplegia, loss of use of a hand or foot or loss of speech, hearing or vision.
The advantage of AD&D insurance is that it is generally less expensive than life insurance. The disadvantages of AD&D insurance are that it is not an investment like a whole life insurance policy and that there are often numerous exclusions contained in the policy. These exclusions often include no requirement to pay if a death occurs due to suicide, alcohol or drug abuse, illness, war, radiation or natural causes. Given the exclusions, insurance companies often delay paying out on AD&D death claims until an autopsy and investigation of the death has occurred.
If you have an AD&D claim that has been denied, it is important to speak to an experienced personal injury lawyer who can advise you on your legal rights.
Oatley Vigmond
Oatley Vigmond is a leading Ontario personal injury law firm with a long-standing focus on representing people seriously injured due to negligence. The firm is known for its work in complex injury cases, including catastrophic injuries, motor vehicle accidents, and wrongful death claims.