Hi Guys,
My OH is currently out of work on long term sick benefit but not enough to make a claim.
I expected that our policy covers us in the case of illness, and yes it does, except that you must be out of work for at least 90 days to attain one payment. They have, in their policies, a NEW term stating they do not pay for the first 60 days.
This applies both to Illness and Redundancy.
I was unable to make a claim for unemployment recently because of this, having secured a job in 82 days.
Now my OH is out of work since the 16th August but now we will not be in receipt of any monies.
Im obviously very annoyed at their stealth at introducing these terms. They tell me that it was a joint agreement between EBS and their underwriters and wrote to all policy holders. They sent me a copy of this and it was very well hidden in the terms. Hindsight I should have paid more attention.
NOW, Question time.
(1) As the Payment Protection applies to both my EBS Mortgage and my BOI Loan, both magically underwritten and policies assessed by Genworth, is it possible to cancel my PPI and move it to another company?
(2) Should I cosult a broker?
My OH is currently out of work on long term sick benefit but not enough to make a claim.
I expected that our policy covers us in the case of illness, and yes it does, except that you must be out of work for at least 90 days to attain one payment. They have, in their policies, a NEW term stating they do not pay for the first 60 days.
This applies both to Illness and Redundancy.
I was unable to make a claim for unemployment recently because of this, having secured a job in 82 days.
Now my OH is out of work since the 16th August but now we will not be in receipt of any monies.
Im obviously very annoyed at their stealth at introducing these terms. They tell me that it was a joint agreement between EBS and their underwriters and wrote to all policy holders. They sent me a copy of this and it was very well hidden in the terms. Hindsight I should have paid more attention.
NOW, Question time.
(1) As the Payment Protection applies to both my EBS Mortgage and my BOI Loan, both magically underwritten and policies assessed by Genworth, is it possible to cancel my PPI and move it to another company?
(2) Should I cosult a broker?