ppi insurance when does it start paying

hermione08

Hi, i have mortgage protection insurance and need to claim, but dont know if i am now entitled to anything. I was made redundant in december, co went down and there was no wages for december, i have now started a new job, but will i still be entitled to a claim for the 3 weeks i was without employment and also the fact i have had no wages since end of november ? I believe the policy has a 30 day waiting period but goes back to day 1 , any help appreciated.

lisyloo

co went down and there was no wages for december

You should have been claiming JSA.
You should also be entitled to redundancy payments from the DTI.
Has no-one advised you of this?

For info on policy you will either need to check the booklet or ring your insurer but it wouldn't suprise me if there was a "deferred" period when they don't pay out.

If you have no "emergency find" then you ioght like to start making one in case this happens again.

hermione08

thanks for the reply, i do have an emergency fund which paid last months mortgage etc, and have just started new job, just wanted to know if i will still be entitled to the proportion of the months i was not working. Just as well wasnt relying on redundancy payment from govt , have been told this will take between 1 - 2 months !!!

brianrhill

If the policy has a 30-day waiting period, this means that the period of unemployemnt would need to extend to 30 days or more. As you're saying you were in that position for only 3 weeks, then I don't envisage a claim being possible.

Brian

hermione08

ok thanks, i am going to call them today and will post their answer for anyone else who may be wondering.