What provides coverage for expenses, including loss of income, arising from an accident?

Accident insurance is specifically designed to provide coverage for expenses that arise directly from an accident. This type of policy typically pays out benefits for medical costs, rehabilitation expenses, and sometimes even loss of income due to the inability to work following an accident. The key aspect of accident insurance is its focus on incidents that are unintentional or sudden, which aligns precisely with the question regarding coverage for expenses related to an accident.

This differentiates accident insurance from other types of coverage, such as major medical, which generally encompasses a wider range of health-related expenses beyond just accidents. Similarly, PPOs (Preferred Provider Organizations) primarily deal with networks and co-pays for healthcare services rather than providing specific financial benefits for accidents. Guaranteed issue insurance refers to policies that are issued without medical underwriting, but it doesn't specifically cover the costs arising from accidents. Therefore, the emphasis on accident-related coverage directly supports why accident insurance is the correct answer.