15.2 Limited Risk Policies vs. Special Risk Policies
Limited risk policies provide accidental death or dismemberment benefits for a specified cause; typically, aviation (which is excluded in most other kinds of policies). The actual policy isn't written on an individual basis. For instance, if you purchase your airline ticket through your credit card and the plane crashes and you die, the credit card company will pay the benefit amount, typically $10,000. You have paid no premium in this instance, but by using the card itself you have generated income for the credit company.
Special risk policies differ from limited risk policies to the extent that they provide coverage for unusual hazards not normally covered in other policies such as a dancer insuring her legs, a football player insuring his knees, or a race car driver insuring his life only during the time he races.
