Nonoccupational Disability

Definition of "Nonoccupational disability"

Condition that results from injury or disease that is not job related. Workers compensation applies to employees disabled by on-the-job injuries or disease. In addition, five states require employers to pay income (not medical expense) benefits if a worker is disabled by illness or injury that did not occur at work: Rhode Island, California, New Jersey, New York, and Hawaii. Except for Rhode Island, employers may buy private coverage; in Rhode Island, they must get coverage from a state fund. Hawaii is the only state without an optional state fund.

Search Real Estate Glossary

Related Real Estate Glossary terms

Capital

Equity of shareholders of a stock insurance company. The company's capital and surplus are measured ...

Retainer Clause

Provision in a nonproportional reinsurance contract that the reinsurance will protect only the busin ...

Long-term Disability Income Insurance

Coverage that provides monthly income payments for as long as an insured remains disabled. The insur ...

Joint Annuitant

Person other than the annuitant as designated by the policyholder on whose life expectancy the annui ...

Borderline Risk

Prospective insurance applicant who has questionable underwriting characteristics. ...

Covenant

Entering into a contractual commitment such as signing a three year leas. Agreeing to perform o ...

Related Real Estate FAQ

How Big Is An Acre?

An acre is an area of land equal to 43,560 square feet. For visuality purposes, an acre is most oft ...

What Is A Sales Contract?

A sales contract is the contract you draw up when you want to make an offer on a home. ...

What Type Of A Home Is A Condominium?

A condominium is a form of home ownership in which the owner owns the airspace within the walls but ...

What Is A FHA Mortgage?

A FHA mortgage is when the government guarantees Federal Housing Authority loans. You can put down a ...

What Do I Need To Know About Pet Insurance?

If you own a pet, i\'m sure you\'ve been in a situation where the vet bills have been much higher th ...

What Is PITI And What Does It Stand For?

PITI is the total monthly payment you make on a house-Principal, Interest, Taxes, and Insurance. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

How is Square Footage Determined? What is the Best Time of Year to Buy a Home? 5 signs of house foundation problems 6 Reasons you are not selling properties Is it better to buy or sell a home first

FAQ

What is a maintenance fee? What do I need to know about Condominium Insurance? What is an easement? How can I figure out my debt-to-income ratio? What is a buydown?