When you get a type of insurance, the main question you may want to ask is, “What is covered?” This may be more so for Disability Insurance coverage because it is not as common to get like car and homeowner’s insurance. With Disability Insurance, it is important to know what type of illnesses, injuries, and disabilities are covered under your policy. This way, you can have the peace of mind that you are insured if you get into a situation where you can’t work.
Disability Insurance Coverage – What Is It?
This type of insurance will pay your money (benefits) if you can not work. This coverage essentially insures your paycheck so that you are still able to have funds even though you are not going to your job on a daily basis. The money you receive can be used to pay for:
- House, townhouse, apartment
- Daily Expenses
- Anything you need or want
Why Is This Insurance Important?
Disability Insurance is important because it allows you to continue paying for the things you need and want for you and your dependents. If you are not able to work and do not have any income, it will get difficult to support your family. It is also necessary to have if you do not already have at least 6 months worth of paychecks in your savings. In addition, it will prevent you from having to max out your credit cards and borrow from others.
What Does It Cover?
It is important to note that each individual policy is different for everyone. Policy terms depend on the person’s health, gender, income, occupation, and lifestyle habits.
Some of the things a Disability Insurance policy may cover are:
- Broken Limbs
- Back Problems
- Head Trauma
- Injuries from Car Accidents
- Injuries from Sporting Accidents
- Drug Addiction
- Mental Illness
- Other situations that may prevent you from working
Ready for Disability Insurance Coverage?
We can help you create a policy that will include everything you need to feel safe and financially secure if you ever can’t work. Reach out to us by calling (800) 788-8921 or fill out our brief Contact Form so that we may connect with you today.