Have You Considered Income Protection Insurance?

IPI

As an electrician you know how easily things can go wrong. That is why it is important to have the right insurance coverage. Finding the right electricians insurance can be a daunting and confusing task, but it is well worth it in the long run. There are several different types of insurance coverage you may need as an electrician. For instance, have you considered income protection insurance?

Income Protection Insurance

If you were to have a loss of income due to an accident while working what would you do? An unexpected mishap (a shock, falling off a ladder, tripping over an electrical cord and breaking your ankle) can put you behind financially for months or years. By carrying income protection insurance (IP), you can help avoid a financial catastrophe. IP policies will pay you if you are unable to work due to illness, accident, or redundancy. Not many people carry this type of insurance, but statistics show that nearly one million people find themselves unable to work due to injury or illness annually. Do you have savings on which to live? Do you want to rely on your savings?

What IP Insurance Does

Income protection insurance is a long-term policy that kicks in if you were to become disabled, ill, or injured. It will:

  • Replace part of your income
  • Pay until you are able to work again
  • Cover most illnesses short term or long term
  • Cover numerous claims

Determining Cost

IP insurance usually covers a wide range of situations and can help support you for many years. There are a number of factors that will determine the cost of your policy such as age, health, your job, whether or not you are a smoker, and the percentage of income you choose to cover.

ABOUT YOUR DALLAS, TX INSURANCE COMPANY:

With over 20 years of experience in the insurance industry, the Jeff Van Matre Insurance Agency can help you choose the right coverage plan to protect your personal and business assets. To learn more, or to get a free quotecall our Carrollton, TX office today at 972-492-8500.