4 Types of Supplemental Insurance
Supplemental Insurance
Supplemental insurance gives you additional coverage over what you already have. This can range from medical insurance to vehicle insurance and more.
Supplemental insurance can give you peace of mind and protect your financial situation in a catastrophic event.
While this is not a comprehensive list, there are four types of supplemental insurance available to you.
Accident Insurance
Accident insurance is designed to help cover medical costs related to accidents such as broken bones, cuts, and more.
It also pays for rehabilitation services that may be necessary after the accident.
Accident insurance typically includes coverage for emergency services, hospital stays, ambulance transportation, physical therapy, and more.
Critical Illness Insurance
Critical illness insurance is designed to help cover the costs of a serious illness such as cancer or heart attack.
It can be used to pay for treatments or medications not covered by your traditional health insurance policy.
It also pays out a lump sum if you are diagnosed with a critical illness so that you can focus on recovery without worrying about finances.
SR22 Insurance
SR22 insurance is required by some states if you have been convicted of certain traffic violations such as DUI/DWIs or reckless driving offenses.
It provides proof of financial responsibility if you have had your license suspended or revoked due to these offenses and need to be reinstated.
SR22 policies usually have higher premiums than other auto insurance policies because they involve higher risks for drivers who have been previously convicted of traffic violations but still need auto coverage to drive legally in their state.
Disability Insurance
Disability insurance is designed to replace lost income due to an injury or illness that prevents you from working for an extended period of time.
It typically covers up to two-thirds of your regular wages and can be used for living expenses such as rent or food while you cannot work.
Supplemental insurance can protect against unexpected medical bills and lost wages due to illness or injury.
There are four main types of supplemental insurance available today—accident, critical illness, disability, and SR22—each with its own unique features and benefits tailored specifically for different life situations.
Whether you’re looking for peace of mind in case something unexpected happens or just want extra protection against the cost of medical care, supplemental insurance can provide the coverage you need when times get tough.
Consider supplementing your existing health plan with one (or more) of these types of policies today!
Category: Insurance
