Individuals who have basic insurance coverage rest easy that they have protected their finances against unexpected emergencies. The truth is that minimal coverage can sometimes leave huge gaps such as during periods of extended disability. A disability policy can prevent large out-of-pocket expenses and a supplement a lack of income.
Disability Insurance Basics
If you are disabled, such as through a car accident, the other person’s insurance pays for the damage and your health care costs. However, if they are uninsured and have no assets you are left paying for it all. Although a health insurance policy may cover your medical expenses, it won’t pay your bills if you are unable to work. A disability policy pays you this additional income you need to live on. Disability policies also cover illnesses that prevent you from working, as well as accidents.
Where to get Coverage
A disability insurance policy is often offered through employers. Inquire as to whether yours offers such a policy and increase the limits if possible. If your employer doesn’t have a group policy, purchase private disability insurance. You can also add uninsured/underinsured coverage to your automobile policy, which creates a similar safety net.
For more information about life insurance, auto insurance or business insurance coverage in Illinois please contact Reta Insurance Agency, located in Worth.