Why Is It Good to Have Accident and Disability Insurance? 

Life is unpredictable, and accidents or illnesses can strike when least expected. While health insurance covers medical expenses, it doesn’t replace lost income if you’re unable to work. That’s where accident and disability (A&D) insurance comes in, potentially supplying a financial safety net that can help you stay afloat during tough times.

What is A&D Insurance?

A&D insurance may refer to several types of coverage designed to provide financial support if you’re injured or become disabled and can’t work. If you’re involved in an accident, some policies can pay a lump sum or reimburse costs related to injuries from accidents, such as fractures or emergency treatments. Alternatively, if you develop a temporary or permanent disability, your coverage may replace a portion of your income if your condition prevents you from working.

How Can My Coverage Help Me?

This type of insurance can be a lifeline when your regular income stops. It can help cover essential expenses like rent or mortgage, groceries, utilities and medical bills. For instance, short-term disability insurance might cover you for a few months, and long-term disability insurance can extend for years, even until retirement age. Some forms of accident insurance can also ease the burden of out-of-pocket costs not covered by health insurance, such as deductibles or transportation to medical appointments.

Where Can I Get A&D Policies?

You can obtain accident and disability insurance through several sources. Many employers offer some forms of coverage as part of their benefits package, often at a lower group rate than you might find on the open market. You can also purchase individual policies through private insurance companies or brokers, which may give you the chance to customize your coverage according to your exact needs.

We’re Here to Help

If you’re looking for A&D insurance in Franklin, LA, contact Foulcard Insurance Agency today. Our team can help you assess your coverage needs and procure appropriate policies.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.