Financial Thoughts
Important Insurance For Food Delivery Riders
If you are a food delivery rider, have you ever wondered what will happen if you are involved in an accident?
Questions like:
“Will I be the one who will pay for the medical expenses?” (What is the size of the bill?)
“How long will I not be able to work?” (Who will put food on the table?)
will pop up.
Fret not; we will share the solutions to these possible situations.
READ ALSO: Mishaps That May Happen To You If You Are A Food Delivery Rider
The answer: A Personal Accident Insurance
- Reimbursing the cost of treatment ($500) when you get into an accident.
- Buying yourself crutches, as you need them for you to walk. Buying a wheelchair ($200) if your condition is really bad.
- Receiving daily allowance ($200) as you were hospitalized due to the accident. Earning even when you are recovering.
- Replacing your personal belonging that was damaged during an accident ($300).
What was mentioned above, are just some of the benefits offered in a Personal Accident (PA) plan.
It offers some kind of compensation when an accident occurs. It will help you in giving you the money that you need and even it will help you in preventing you from reaching into your hard earn savings.
Relatively, PA plans are very affordable. It can cost you like a $160 to $300 for a year worth of coverage. That is like about $13 per month and we can all agree that it is reasonably priced.
Nonetheless, the premium will depend on your occupation class and sometimes your age as well.
GET YOUR COVERAGE HERE
What is the difference between getting it from here and from the food delivery company?
Control. That is what you will have.
Firstly, you will have control of which plan that you want. You can choose the amount of coverage that you need.
Secondly, you have the control in the future if you want to increase or decrease the amount of coverage that you need.
Lastly, you are the owner of the policy and not the company. You have every right to start or even surrender the policy.
It will be an all-around coverage for you. The plan will cover you for the whole year as long as you have paid the annual premium.
It is not limited to when you are on the job delivering food only. If the accident happened on your day off, you will still be covered. You will be covered as long as you do not intentionally injure yourself definitely.
Optional for your vehicle
Mobility vehicle would mean bicycle or e-scooters. These are some tools that some food delivery riders use on a daily basis for their job.
So far we have been talking about protecting yourself, thus now we will talk about protecting your vehicle.
Without the vehicle, it will be a huge challenge for you to do your job. You may still be able to do it, but it might on a different speed altogether. Which will indirectly affect your earnings as well
Thus, having some compensation to repair your vehicle would be a wise decision.
To add on, the vehicle itself took a huge amount of money. You do not want it to just disappear without any compensation when things go sour.
There are not many insurance companies who offer this type of insurance hence if you have an intention of getting it, do drop us an email.
GET YOUR COVERAGE HERE
A small price to cover up for a larger price in the future
The fact that the food delivery business exists was such good news to many people who are looking to earn money.
Be it you are waiting for National Service, saving up for college, extra income to prepare for parenthood or even buying a new home. Whatever the reason, you really have to always look back to why you are delivering food in the first place.
If you know how valuable this side of income is to you, you should do all that you can so to that you reach your goal and at the same time continue with life even when things go sour.
You are taking a risk by putting yourself on the road, let the insurance help you replace that risk for you.
Well, that’s the end of this article. Do share it if you think this is beneficial to your friends and family.
GET YOUR COVERAGE HERE
Disclaimer:
I am a financial adviser but I am not your financial adviser. Therefore, what is posted on this website, are my opinions and NOT to be taken as financial advice. Information provided might be relevant at this period of time but may be irrelevant due to alterations to rules, regulations or policies. The information provided is true to the best of my knowledge, but there maybe omissions, errors or mistakes.
