| How to Handle Your Insurances, Part 3 |
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Offer to pay your day-care provider's increased cost of insurance coverage. Some homeowner's policies can be endorsed to provide day-care coverage for $50 to $180 a year. Offer to add one to four dollars a week to your day-care provider's fee to cover the cost of adequate insurance coverage. Make sure you have coverage in case of disability. Disability insurance pays you if you can't go to work because you're sick or you're injured. Before you retire, you're probably more likely to become disabled than you are to die. Even so, life insurance is common among Americans while disability coverage is far less so. You may be able to get disability insurance through your employer, professional association, or life insurance provider. Use your healthy eating and exercise program to save money on insurance coverage. As your health improves, you may find you qualify for better coverage or lower rates on medical, disability, long-term care, and life insurance. All these coverages take your health into consideration in their rate structure, and in the insurer's willingness to cover you at all. It also doesn't hurt to ask what policy choices might result in a lower premium. |
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