5 Mistakes you must steer clear of while getting your disability insurance coverage


During times of trauma and grief, you must be equipped with every possible thing that can help you remain financially fit. With the present economic conditions in the US and the close-to-double-digit unemployment rate, an increasingly large number of people are trying their best to cling on to their jobs as they feel that they’re being underpaid. During such tough financial situations, it is necessary that you get a disability insurance coverage so that you can continue paying your bills even after losing your job or being fired suddenly by your employer. This is perhaps the best way to protect your family and assets and thereby stay financially fit during times of economic crisis. Have a look at the most common mistakes that people commit when they get themselves a disability insurance coverage.

1. Failing to reveal all relevant information: When you go to your insurance agent in search of a disability insurance coverage, you have to show them certain important documents to them so that the underwriter can do his job perfectly. Withholding important information deliberately and misleading the underwriter by providing erroneous information to grab the coverage is not the right way. The prospective policy holder will have to disclose all medical conditions when applying for disability coverage.

2. Taking out insufficient coverage: Disability coverage needs to ensure that you and your dependents live a debt free life in the near future. Therefore, before you get your disability insurance coverage, you need to make sure that you have a perfect budget so that the insurer sees how you’ve planned to manage your budget when any unfortunate financial situation arises. The budget must also reflect the daily needs of your family and you must also state the level of coverage that is required.

3. Not informing the insurance agent that you’ve switched jobs: The more you change your employer, the more it will affect the coverage of the policy. For instance, if you were previously working as an office clerk and now your new job is that of a fire fighter, it is most likely that your risk level will increase and this will affect your coverage and your insurer will require reviewing your coverage once again.

4. Not keeping the beneficiaries updated: If you make any changes in the beneficiaries, you must let your insurer know about it. Once you file a claim, the insurance company will give you the amount that is in accordance with what you mentioned them last. Thus, keep them updated with any change in the beneficiaries to avoid further discrepancies.

5. Not getting familiar with the details of your policy: There are times when you do not boost your knowledge about the intricacies of your disability policy. There may be circumstances when the insurance company will not pay. These circumstances should be clearly mentioned in your policy and you need to abide by it. Stay sure about such exclusions to stay informed.

Therefore, before running to an insurance agent for getting a disability insurance coverage, make sure you do not commit the mistakes mentioned above. Take the right steps before covering yourself so that you do not face any problems during your unprecedented situations.

About the author : Juanita Martinez is associated with the AmPmInsure Community and has been offering her suggestion on insurance to the community since 2007. Besides this, she has also written contributory articles for various financial sites. Few of her articles would include names like ‘Ho3 Policy: An open peril insurance’, ‘Insurance for fire damages’ and ‘Buying life insurance on someone without their consent’. If you want to know more updates regarding Insurance industry, please visite here – AmPmInsure: We make you Insurance Smart

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Is Vision Insurance Right for You?


Vision insurance is not for everybody. There are some people who are blessed with perfect eyesight and simply don’t need it. On the other hand, if you have a family of five and everyone wears glasses, then vision insurance should be on the top of your list. Most people, however, fall somewhere in the middle. Here are some tips that can help you determine whether or not glasses insurance is right for you and your family.

Consider the Family

The first thing to do when considering vision insurance is to look at your family. How many people wear glasses or contacts currently? Is someone complaining about his or her vision? If you have two or more people in your covered family who have vision problems, then vision insurance is probably a good idea for you.

Review Your Family History

It is also important to look at the vision history for each person in the family. How often have prescriptions changed? And how often are new glasses or contacts needed? If you realize that the prescriptions for yourself and your spouse have changed every year for the last three years, then you are probably excellent candidates for vision insurance. On the other hand, if your prescriptions are stable and you find that you are only getting new glasses once every four years, then a vision insurance policy may not be necessary.

Estimate Vision Needs

In addition to reviewing your family’s vision history, try to anticipate your family’s vision needs for the coming year. Has your son been wearing the same glasses for three years and desperately needs another pair? Is your daughter creeping closer to the television and you suspect it’s because she can’t see? You can sometimes anticipate when a year will bring heavy expenses at the optometrist. If you think this might be one of those years, then it may be time to invest in vision insurance.

Choosing a vision insurance plan can be overwhelming. Sometimes they are offered through your employer, making the decision as simple as crunching the numbers to see if you would receive more in benefits this year than you would pay in. Other times, you will need to seek out an individual insurance plan. When reviewing your options, it is important to consider the following before you make your decision:

• Look at the costs
If you know that everyone in your family is due for an exam, then you might want to avoid polices with high co-pays on exams. If you know that there are several people in the family who will need new frames, then try to choose a plan that offers good coverage on materials. Consider all the costs associated with each plan, and determine which will be the best for your budget.

• Compare Plans
Lay the plans down side by side to compare them. By creating a comparison chart, you can see at a glance the co-pays, premiums, discounts, and services covered with each plan. You will be able to determine which plan will save you the most money while still meeting your needs. It is also important to look at which doctors are “in-network” with each plan. If you have a doctor you really like, discovering that he is in-network can help you make your decision.

Once you have chosen your insurance plan, take time to read through it and understand it. Vision insurance is by no means a necessity in today’s economy. However, it is typically an affordable insurance designed to help you keep your sight in top condition. If you have family members with glasses, it is usually worth having. Review the terms and understand the policy so that you will be ready when you, or someone in your family, need to visit the eye doctor.

Guest author Sara Roberts writes for Just Eyewear, an online retailer of prescription eyeglasses and sunglasses.

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Keep Yourself and Employees Safe with the Right Insurance


It may come as a surprise but workplace ethics and safety go a long way in keeping employees happy. Good employers know that an employee that feels safe and happy in the workplace is more likely to work better than one that doesn’t, and is more likely to be thankful to the firm, which could mean they put up that extra bit of effort that is sometimes needed to turn good work into excellent work. But how can you keep your employees safe?

The first step for any business owner is to make sure that your business is protected from harm. A stable workplace is a safe workplace, so make sure you have all the essential types of insurance needed, which could range from contents insurance on your workplace machinery to professional indemnity insurance when giving out advice.

But that is not all you can do for your employees. They must also feel secure in knowing that in worst case scenarios such as an accident in the workplace or the development of some sort of illness related to the workplace or the type of job they do, they are protected should they need a specific type of treatment or a significant amount of time off. Employers liability insurance is a way to guarantee that if this does happen your workers will get all the medical help they need and will be covered in case they can no longer perform their job properly.

Having the right type of business insurance is essential. Depending on the nature of your business, you may find that in most cases, a combination of policies is required.

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