In the state of New Mexico, having health insurance and auto insurance is mandatory, but disability insurance is an optional coverage that many people do not have and are not offered through their workplace. The good news is that getting affordable long term and short term disability insurance is easy. This type of insurance policy is basically income protection in the event that you get injured or ill and will not be able to work for a specified amount of time.
For instance, think about a scenario in which you suddenly become unable to work, such as an injury related to being in an auto accident. What happens now? How will you continue to pay your basic bills? While your health and auto insurance will cover some of the cost of the medical care, it will not replace your income or pay for your everyday living expenses while you are out. However, if you have either employer disability insurance or private disability insurance, you will still be able to get a portion of your income (generally 40-60%) during the time you cannot work. To find out your options for the best short term or long term disability insurance coverage for individuals, speak to one of our experts today!
Some companies and other entities do offer disability insurance to their employees. But in NM, disability insurance is not required and a large number of people just do not have access to this type of insurance through work. Fortunately, if you are looking for a short-term or long-term disability insurance plan, we can help find the coverage you need. Disability insurance can be tailored to your requirements. Generally no medical exam is required, and each policy is individually owned. And there are no surprises in premiums, for as long as you sign up, your coverage and your costs remain the same. For more information and to get options regarding supplementary disability insurance, give us a call today!