DENIED DISABILITY INSURANCE BENEFITS, DISABLE YOUR WORLD
“There is an alternative to mortgage insurance,” says Frank N. Darras, the nation’s top insurance lawyer. “Property owners should take a look at individual disability insurance first.”
“Most property owners think the only way to protect their ability to pay their mortgage should they become disabled, is to purchase mortgage insurance,” states Darras. “There is an attractive alternative in shopping for individual disability coverage.”
“If you don’t already have a certified agent you can count on to help you out, seek one out. Get recommendations from friends and family. Then look at individual disability policies that will guarantee a good stout benefit to cover all your monthly expenses right down to the penny,” suggests Darras.
It’s important to be cautious when you purchase an individual insurance policy. Specifically, one should look for individual policies that can’t be cancelled and have a guaranteed renewable clause. The individual disability policy should be non-cancellable, guaranteed renewable and contain own occupation coverage for at least 5 years or to age 65. With an individual disability policy the monthly disability benefit can be used for all your financial needs, not just the mortgage.
Mortgage insurance policies generally only cover you in your own occupation for 12 months then you need to be social security disabled in order to continue receiving benefits.
A denial of insurance claim or denied disability insurance claim on an individual policy can be handled by a top insurance attorney. Mortgage disability denials are more difficult to unbundle because when the mortgage carrier stops paying the claim the house is foreclosed and your former bank is also at the table. Individual disability claim denials are just you against the carrier.
“With individual disability insurance you have more control of how you spend your benefits,” states Darras. “It makes sure your earning stream is secure, so get as much as you can afford to maintain your lifestyle should you become disabled.”
“Especially in these uncertain times, it is important to have this type of policy should an injury occur or an extended illness strike,” says Darras. “In times of a down economy, you don’t want to be caught without proper protection. A good example would be the real estate industry which has been hit so hard by the current economic climate.”
“When you are under the stress of being disabled, don’t you want someone qualified to help you through the process?” asks Darras. “Find a qualified top insurance attorney who knows their way through the disability claims maze to walk you through the process from beginning to end.”
At DarrasLaw, our firm continually provides free consults and guidance to thousands of people that have been affected. At DarrasLaw, we provide answers to questions about policies, claims and litigation concerns.
Before you purchase, be sure you understand what you are buying and how to use the policy. If you find yourself in the unfortunate position of having to file a claim, ask for expert assistance from a top insurance attorney before entering into the process.
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