Accident insurance provides an extra layer of protection that pays you cash for out-of-pocket expenses if you suffer an unexpected accident. No one can predict an accident, which is why it is a good idea for anyone to have accident insurance, even if you have health and disability insurance already. With the high costs of healthcare, accident insurance can be an affordable way to supplement any extra costs associated with emergency medical care, or even rent or groceries. With accident insurance, you receive the payment in a lump sum directly to you, not to a doctor or healthcare provider.