Not everyone will be fortunate enough to pass through life free of complications. However, many people, through medical issues or unexpected tragedies, will end up with temporary or permanent disabilities that will leave them unable to work for their living. In these cases, individuals may benefit from disability insurance.
Disability insurance is a type of liability coverage that pays out in the event that an individual is unable to work due to a physical or mental disability. There are two main kinds of disability insurance: short-term and long-term disability insurance. In general, the length of time the disability will determine the type of insurance that applies.
If an individual pays for an insurance policy that includes disability insurance, then it is possible to file a claim. A disability claim will require demonstration of the disability and the insurance adjustor to agree that the claim is valid.
In general, anyone who has disability insurance can file a claim. The limiting factor of filing disability insurance claims is whether or not the individual has a qualifying individual that will prevent them from working and earning a living. If qualified, disability insurance will give some portion of the individual’s pay for a certain period.