What does an AOV insurance cost?
Are you still hesitating about an AOV insurance because of the costs? Many entrepreneurs think that disability insurance is very expensive. They expect a sky-high monthly premium, which deters them from purchasing an AOV insurance. However, an AOV insurance, or disability insurance, is an important insurance. With this insurance you are ensured of an income when you become disabled. The exact costs of an AOV insurance depend on your personal situation and your wishes. In this article we list all costs for an AOV insurance.
How are the costs of an AOV insurance composed?
The cost of AOV insurance is made up of a number of factors, namely:
- Your profession
- Your age
- The amount you insure
- The own risk
- The duration of the benefit
Age
The following applies: the older you are, the higher the premium for AOV insurance.
Profession
An insurer mainly looks at how risky your profession is. The chance of becoming unfit for work is greater in one profession than in another. For example, a job in which you work with dangerous machines or heavy parts is riskier than an office job. In these kinds of professions, the chance of an accident occurring during working hours is greater. Therefore, as a construction worker or landscaper you probably pay more for an AOV insurance than an accountant or consultant.
The amount you insure
You choose the amount you want to insure. You can calculate this based on your income and the money you need to cover your fixed costs. Often an AOV is based on 80% of your income, but with some insurers it is possible to insure 90% of your income for the first year. Do you think that less is enough for you? Then you can also choose for a lower percentage. The amount of the premium will then go down.
The own risk
Also with AOV insurance we know an own risk. We call this the own-risk period. The own-risk period is the period during which you are already disabled, but you do not receive any benefit yet. You can determine this period yourself. So you determine in advance how long you can do without benefit when you become incapacitated for work. You can choose an own-risk period of 2 weeks, but also a period of 2 months. In that case you will only receive benefit after two months of being unfit for work. The longer the excess period, the lower the premium.
The duration of the benefit
The duration of the benefit also affects the costs. You choose how long or until what age you want the benefit to continue.
Calculate the costs of your AOV insurance directly
At Alpina.nl you can request a no-obligation quote for AOV insurance. Based on a number of personal details, we can offer you an accurate quote. You can then compare the offers yourself. Do you have any questions about AOV insurance or the quotation? Then please contact us! We can be reached by phone from Monday to Friday from 08.00 to 18.00 on 088 - 688 3712.
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