Delays in Public Safety Officers’ Benefits Program
The Public Safety Officers’ Benefits Program was established in 1976 to assist families of police, firefighters and other emergency workers who die in the line of duty. Today, the amount of the PSOB benefit is $339,881 for eligible deaths and disabilities occurring on/after October 1, 2015 and the amount of the PSOB educational assistance benefit for one month of full-time attendance is $1,021. While these may seem like substantial benefits, families sometimes have to wait years to receive payments according to a recent article by USA Today (LINK).
Fortunately, there are insurance products that you can purchase to fill this gap. One such coverage is a Workers’ Compensation policy. In the event of a line of duty death, a Workers’ Compensation policy could pay a burial expense reimbursement benefit as well as a death benefit equal to 75% of the deceased employee’s average weekly wage (up to $895 maximum). The death benefits are paid until the beneficiary no longer meets the entitlement requirements.
Another valuable coverage is a VFIS Accident & Sickness policy. This policy responds quickly to provide important benefits to the families. In the event of a line of duty death, the VFIS A&S policy would pay:
VFIS Flood Coverage
Did you know……..the VFIS property policy automatically includes *Flood coverage with only a $1,000 deductible? Well it does! And if you are located along the Texas coast, you may be subject to a 5% “Named Storm” deductible for Windstorm, Hail and/or Flood but no separate Flood or Windstorm policy is needed.
Other causes of loss automatically covered by the Property policy includes Fire, Theft, Windstorm, Earthquake (subject to 5% deductible), Back-up of Sewers and Drains, Artificially Generated Electrical Currents and even Equipment Breakdown.
We know when the weather is bad, that YOU are on the front lines taking care of our families and communities. That brings us peace of mind! In the same way, your VFIS property policy which includes Flood Insurance, should bring you peace of mind when bad weather strikes!
Cherry Guidry, VFIS of Texas Claims Manager
*In some cases, Flood coverage may be specifically excluded.
VFIS of Texas NEWS
Here you will find helpful information regarding firefighters, ems responders, and updates in insurance policies.