The compensation disability is a coverage in the world of Sure., you can find in many different policies like the life insurance, accident insurance and is also a coverage of driver's insurance that you can find in the policies for motor vehicles (cars, motorcycles, classic vehicles, vans, caravanstrucks, including foodtrucks). In this article we will explain what it is.
Disability compensation
Invalidity compensation is usually related to the absolute and permanent disability: is recognized when a person is physically affected in an irreversible and permanent manner, which prevents him from developing any professional activity. In these cases, the insurance compensation to that person with a economic compensation, which normally consists of a single payment, although there are some policies in the form of subsidio monthly payments.
Invalidity compensation is designed to help to cover daily expenses and to maintain the standard of living of the insured and his family during the period of disability. For example, you may need help on a daily basis and / or you may need to adapt your housing to your new disability situation
While in the compensation for deaththe person who receives the payment from the insurer is the heirs or family members of the insurer; in the case of disability compensation it is the insured person himself who receives the payment.
Some policies provide for partial or non-permanent disability compensation, but this is not the case. The most common thing is that disability compensation relates to absolute and permanent compensation, as we have seen.
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