What is Disability Insurance?
Think of disability insurance as “income insurance.” While health insurance pays your doctor, disability insurance pays you. It provides a monthly benefit to help cover your mortgage, groceries, and utilities if a serious illness or injury prevents you from working.
In New York, most employers are required to provide basic Short-Term Disability (DBL). However, these state-mandated benefits are often limited to just $170 per week—hardly enough to sustain the lifestyle you’ve worked so hard to build in the Finger Lakes region.
Why You Need More Than Just the Basics
The reality is that 1 in 4 working adults will experience a disability before they retire. While we often think of “disability” as a freak accident, the majority of long-term claims are actually caused by common illnesses like cancer, heart disease, or chronic back pain.
No one is immune to these risks, but you can be prepared. We offer several ways to customize your protection:
- Individual Disability Insurance: A policy that belongs to you, not your employer. It stays with you even if you change jobs.
- Long-Term Disability (LTD): Provides protection that can last for years, or even until retirement, whereas short-term policies typically cap out at 26 weeks.
- Business Overhead Expense (BOE): For our local Skaneateles business owners, this covers your firm’s fixed expenses—like rent and payroll—so your business stays afloat while you recover.
How to Get Started with Delmonico Insurance Agency
As an independent agency, we don’t work for just one insurance company; we work for you. We’ll shop multiple carriers to find the best definition of coverage at the most competitive price.
To get started on your quote, call our office or click over to our quotes page.
Either way we’ll make the process simple!