There are a lot of misconceptions about student accident insurance policies out there. In this blog, we give you the facts and explain how SquarePeg is transforming the specialty risk insurance market by leveraging technology to simplify the way student and sports accident insurance is bought, sold and managed.
What exactly is Blanket Student Accident Insurance?
Purchased by colleges and universities, blanket student accident insurance provides accident medical coverage for registered students that are injured participating in college-sponsored and supervised activities.
How does student accident insurance differ from primary coverage?
With blanket student accident insurance, claims are paid in excess of, or secondary to, any other valid primary insurance coverage for which a student is enrolled. Primary insurance may include coverage provided as a dependent on a parent’s insurance plan, the college’s student health insurance plan, or an individual insurance plan. If the student does not have their own primary medical insurance, the college policy provides primary coverage.
Student Accident Insurance Fills in the Gaps
Blanket student accident coverage complements a college’s general liability policies by helping to fill potential gaps in coverage. By proactively paying for covered injuries, accident insurance may help to lower the frequency of the college’s liability claims and provide a safety net to protect the health and financial well-being of students.
How does SquarePeg fit in?
SquarePeg’s user-friendly quote engine—uniquely developed with today’s most advanced and modern technology—allows users to request and easily compare multiple insurance quotes in minutes. You choose the benefit options that best match your school’s program and the proposal that best meets your students’ needs, while we bring multiple insurance carriers directly to you. It’s that simple!
About SquarePeg Insurance
With 60+ years of combined expertise and hands-on experience in the student insurance industry, SquarePeg is transforming the special risk insurance market by leveraging technology to simplify the way student and sports accident insurance is bought, sold and managed.
If you’re ready to give the SquarePeg Insurance platform a spin, click here.
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