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It is unclear what you are asking, but I will do my best.
If you are asking whether you can buy a car with your disability payments (from a private insurer, Social Security Disability, or otherwise), yes. Keep in mind, though that that may leave you short for other needs, but it is business decision for you to make.
The payer of the disability benefits has no obligation to buy a car for you under ordinary circumstances. It would be the very odd situation that would require a disability payer to do so. Nonetheless, a private insurer may consider doing so as a means of facilitating your return to work and thereby no longer qualifying for disability. In the long run, it may be cheaper for it to go "out of policy" and do this, than paying benefits for a very long time.
The contract controls what you can collect under a private policy; statutes control what you can collect under public sources of disability, such as Social Security Disability.
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∙ 12y ago
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If you purchased disability insurance on your car loan do they still have to pay the payment every month if you received social security disability?
Probably. What does your policy say?
Purchase Disability Insurance?
form_title=Purchase Disability Insurance form_header=If you're suffering from a disability, insurance can help pay for bills and other needs. Have you received disability insurance in the past?= () Yes () No Does your employer offer disability insurance?= () Yes () No How quickly, and for how long, do you need disability insurance?=_
Does Erie car insurance pay for short term disability?
Most auto insurance policies have an optional coverage called work loss coverage that will pay for some amount of temporary disability if you are injured in an auto accident and have chosen to purchase this option on your policy.
Do you pay taxes if you are on disability and received a 1099?
It depends on how the premiums for the disability insurance were paid.
What is the function of disability insurance?
Disability Insurance pays when you get injured working. It's used to pay bills like the electric, and the mortgage.
What are the benefits of disability insurance?
Disability insurance covers you in case you are not able to work due to a disability. This may pay for your bills, medical expenses, and other costs of living.
Do you have to pay taxes on a partial life insurance paid out due to total disability?
If I'm not mistaken, life insurance is paid out on death. It may have a clause that pays the premiums on it in event of disability, but that, like a policy that pays you on disability, is basically under a disability insurance benefit, not life insurance policy.
Do you have to pay taxes on your private disability insurance?
IF you paid the premiums with before income tax funds for this private disability insurance the amounts that you receive is NOT taxable income to you.
Is disability insurance a good idea if you're in your twenties?
Any insurance is good because of the "what if's". A good disability insurance is Aaflac. It will help pay bills in the event of an accident or disability so that you don't end up with financial problems.
Where do you pay your car insurance?
To the insurance company.
What happens if you have no insurance and you totaled your car?
you will have to pay a debt and GET CAR INSURANCE
What are the benefits of individual disability insurance?
there are various benefits for disability insurance like aflak that will pay your bills if you need them too. other insuances will provide you with money or reparations.
