Although often underestimated, bus drivers help travelers get from one place to another, and play a critical role in our transportation network. Because of this, they and their financial interest should be protected at all times, something that can be achieved through a bus driver disability insurance.
Why You Need a Bus Driver Disability Insurance
As a bus driver, you likely earn between $20,000 and $57,000 per year or roughly between $1,600 and $4,600 per month. That money is essential for paying for your and your family’s financial obligations – your home mortgage payment, your car payments, your health insurance costs and the like.
However, what would happen to your financial situation if you weren’t able to work for several weeks? What about several months? The inability to work even for as short as several weeks can put a strain on your budget and the possibility of an injury happening to you should not be taken lightly.
Bus driver disability insurance can help to offset those challenges. It will provide you with a monthly compensation that is designed to replace a portion of your lost income if you are unable to go to work and earn a salary.
Other Types of Insurance Don’t Protect You
A worker’s compensation will protect you only if you’re injured on the job, not outside of it. But what would happen if you were injured somewhere other than your job post? Your health insurance won’t give you any coverage for lost income and neither will your auto insurance.
So if something happens that would prevent you from working for a certain period of time, you would be left with little to no protection. During this time, medical bills and regular costs will keep piling up and your obligations will go unmet, so once you’ve recovered you’ll be left with a huge debt. This can be prevented through a bus driver disability insurance. The insurance policy can help you cover the costs, which will let you focus your recovery instead of worrying about how much debt you will accumulate during your absence of work.
How To Get Bus Driver Disability Insurance
Knowing how your disability insurance policy works and how to find the best one is important, but thankfully, that’s not that complicated. You’ll first need to purchase a policy from an insurer, and then develop a qualifying disability (a condition that meets your insurer’s definition of “disability”). Then, that disability needs to force you out of work for a preset period of time. Once that occurs, your insurer will begin paying you based on your average monthly income, and you can use the money to meet your financial obligations.
With that being said, you do need to make sure you’ve chosen the right bus driver disability insurance policy, and that you’re working with the ideal insurer. That requires an in-depth comparison that most people find difficult to make. We can help. We allow you to compare disability insurance quotes from leading US insurers, as well as insurance rates, coverage areas and more.
How Can We Help?
Our expertise in the disability insurance field is invaluable. When you turn to us for help with bus driver disability insurance, we go to work on your behalf immediately to make sure you find the coverage you need. With us, you can:
- Be able to review rates from some of the leading providers of individual disability insurance.
- Get quotes from all major insurers in the US that currently offer insurance products in your specific geographic area.
- Learn more about your options when it comes to bus driver disability insurance and how it can benefit you in the event that you’re injured and unable to work.
Look for Unisex Rates
Most commonly, women are more prone to developing a disability that will prevent them from being able to work full time. The most common disabilities among women are rheumatism and arthritis, followed by cancer, heart disease, mental health, and diabetes. Because of this, the premiums calculated for women are higher than the ones for men.
According to women, experiencing a disability would be “somewhat devastating” to their family’s finances. Many of the participants in the study said they worry that their cash reserves would last less than a month if they couldn’t work, further showing the importance of disability insurance.
Will You Be Disabled?
Back injuries, cancer, heart disease, and other illnesses are responsible for most long-term disability cases in both men and women, so if you thought that the chances of becoming disabled are minimal, think twice.
There is no way to predict who will experience a disability and who will not, but we need to face the fact that most people do during their lifetime. Up to one-third of US workers will experience a disability before they reach retirement age which means that you have a 21% chance of experiencing a three-week-long disability (or longer) before reaching the age of 65.
This number is not to be underestimated, so it makes a lot of sense to protect yourself against that threat by purchasing bus driver disability insurance.
Buy a Disability Insurance Policy While You’re Young
The premiums you pay for your bus driver disability insurance depend on the risk of a disability happening to you for which you could file an insurance claim. With that in mind, the higher the risk, the higher the premium of your insurance policy will be.
One of the primary factors that contribute to being marked as a higher risk person is your age. Statistics show that the probability of you being disabled increases with your age which means that the later you get a bus driver disability insurance, the higher the premiums you will pay. Therefore, you can save money in the long-term by purchasing coverage today. Each year you age is more money you’ll be paying out each month or year in premiums.
If you’re ready to get started and get a tailor-made bus driver disability insurance quote, give us a call at 1-877-221-6198 or use the form on the right of this page to get in touch with us.