Disability insurance in Scranton PA helps protect your ability to provide for yourself and your family if you are injured and unable to continue to work. It can mean the difference between being able to stay in your home, pay your bills, and continue to care for your family and finding yourself suddenly homeless because you cannot pay your rent or mortgage.
Many consumers ignore the benefits that disability insurance can provide due to it adding to the cost of their insurance premiums. Or they mistakenly believe that they will be covered by their employer or through state run programs. It is important to check with your employer and locality to determine what the regulations are in your state.
It is also important to remember that some employer offered coverages usually only provides coverage for injuries that occur at work during the course of your normal job responsibilities, but not if you are injured outside the workplace. Social Security does offer a support program for those who are disabled due to a variety of reasons, but it may be a time consuming and difficult process to be approved for payments. An experienced insurance company such as the Florey Insurance Agency of Scranton PA can help explain how disability insurance can benefit you.
If you become seriously ill or injured, it is important to have coverage that will cover your financial responsibilities while you are unable to work, regardless of the time it takes you to recover. You don’t want an injury to eat up your savings and prevent you from purchasing the home you’ve been saving for or end up spending your children’s college savings on household expenses.
While your health insurance will probably cover the costs of basic care, you may find that a serious injury or illness will quickly outgrow your maximum allowances, meaning that on top of your daily living expenses you may be faced with growing medical bills.
When considering Disability Insurance in Scranton PA, it is important to understand the differences in coverages and the benefits that they provide. You may have an adequate short-term disability policy with your employer, but would like to ensure that your long-term coverage will cover your calculated expenses if an accident occurs.
Just as health insurance and life insurance work to protect your investments and your family, disability insurance can protect your family until you are able to provide for them again.
