What does AOV insurance cost?
Are you still hesitating about AOV insurance because of the cost? Many entrepreneurs think that AOV insurance is very expensive. They expect a sky-high premium per month, which deters them from taking out AOV insurance. However, AOV insurance, or disability insurance, is an important insurance. It ensures you an income at the moment you become disabled. Exactly what an AOV insurance costs depends on your personal situation and your wishes. In this article we list all the costs for AOV insurance for you.
How are the costs of AOV insurance structured?
The cost of AOV insurance is made up of a number of factors, namely:
- Your profession
- Your age
- The amount of money you insure
- The deductible
- The duration of the benefit
Age
Here, the older you are, the higher the premium for AOV insurance.
Profession
An insurer looks primarily at how risky your occupation is. Some occupations are more likely to incapacitate you than others. For example, a job where you work with dangerous machinery or heavy parts is riskier than an office job. These types of occupations are more likely to have an accident during working hours. Therefore, as a construction worker or landscaper, you will probably pay more premium for AOV insurance than an accountant or consultant.
The amount of money 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 expenses. Often an AOV assumes 80% of your income, but with some insurers it is possible to insure 90% of your income for the first year. Do you think less is enough? Then you can also choose a lower percentage. The amount of the premium will then go down.
The deductible
Even with AOV insurance, we have a deductible. We call this the excess period. The excess period is the period in which you are already disabled, but you do not yet receive a benefit. You can determine this period yourself. So you determine in advance how long you can go without benefits at the time you become disabled. You can choose an own-risk period of 2 weeks, but also a period of 2 months. In that case, you will only receive benefits after 2 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 cost. You choose how long or until what age you want the benefit to continue.
Calculate the cost 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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