Accident, Sickness & unemployment insurance

lcaine1

My partner has just had his policy taken over by a new company and it has increased from £25 per month to £46. (He was not notified we only found out when we queried the new direct debit).

The problem is that he broke his leg playing football last October (he did not put a claim in though as he had 4 weeks sick pay from work) and as the leg has not healed properly it is likely to happen again.

If he takes out a new policy elsewhere they will not cover him if he breaks his leg again, but the existing company will not budge on the price increase... any advice??

Thank you

cattie

All insurer's of this type of policy have hiked their prices due to the high rate of unemployment the country is seeing at the moment. They need to raise rates to cover the amount of claims they are having to pay out.

If you want the leg accident to be covered then you'll have to stay with the existing insurer & probably cover will be costing roughly what other insurers are now charging anyway.

dunstonh

but the existing company will not budge on the price increase

These plans have reviewable premiums. During the low unemployment, growth years the premiums dropped significantly. Now the risks are far higher the premiums have gone up. Its near impossible to find a provider that is offering guaranteed premiums at this time.

jamesd

lcaine1 wrote: »

The problem is that he broke his leg playing football last October (he did not put a claim in though as he had 4 weeks sick pay from work) and as the leg has not healed properly it is likely to happen again.

If he takes out a new policy elsewhere they will not cover him if he breaks his leg again, but the existing company will not budge on the price increase... any advice??

Be glad it hasn't gone up more and pay this company.

He'd have to declare that to any other insurer and they would prbably want even more to cover it. If he didn't declare it they would refuse to pay out when they asked for medical reports following a claim.

You should also check this company to see whether their terms require you to notify them of time off work sick even if you don't make a claim.

originalmiscellany

Icaine1, I hope your partner is much better now he's getting married to you soon. How did this pan out? Update and let us know how it worked out please.