Accident Insurance
a form of insurance which pays persons a stated sum in compensation for bodily injury.
Usually it is provided that insurance is made only against injuries caused by violent accidental or external means.
It does not cover self-inflicted injury. There were in 1920 about fifty companies engaged in this form of insurance, although not all of these were limited to accident insurance. Losses paid for this form of insurance aggregate about $10,000,000 yearly.