Most people know they should insure their homes, vehicles, health, and belongings, but it is just as important to get disability insurance. If you aren't covered, you and your dependents could face financial difficulties if an injury or illness renders you unable to work. The team at Toohey Insurance Service, located in Somerset, KY, discusses why you should purchase a disability insurance policy.

3 Reasons to Carry Disability Insurance

1. Social Security May Not Provide Enough Money

Although Social Security disability benefits can help make ends meet if you do become disabled, these payments can be slow to arrive even if you need them right away. It can take over one year to begin receiving Social Security Disability Insurance if your application is approved. If you do receive them, you most likely will only earn between $700 and $1,700 per month. Disability insurance covers two-thirds of your income every year if you have a long-term disability.

2. Your Dependents Need Your Income

If you're single with no children and nobody depends on your income, disability insurance may not be necessary. If you have dependents, consider whether they could continue their same quality of life if you became disabled and couldn’t work. If your family would face financial difficulties without your support, protect them by purchasing a disability insurance policy.

3. Accidents Can Happen in Any Profession

You may believe that disabling work injuries can only happen to people with dangerous careers such as coal miners and firefighters. Disabilities can occur regardless of where you work because of unforeseen accidents. It’s better to be prepared, even if you think it’s unlikely that you’ll be injured.

You can rely on the team at Toohey Insurance Service to provide you with affordable coverage options and protect what matters the most. Give them a call at (606) 678-0540 to discuss your needs with an agent. You can also visit them online to learn more about their health, life, and disability insurance policies.