Payment protection question 29 June 2009 at 7:22PM in Reclaim PPI & other insurance 3 replies 488 views

m3nutta

Hi everyone,
Was wondering if anybody knew of a company that has less than a 90 day qualifying period, I dont see the benefit, because I could be made redundant before that with the current ecenomic conditions....Can anybody help?

Thank you!

melorablack

Even with the 90 day qualifying period (which I think is pretty standard) you won't be covered for unemployment you were aware of at the time of the sale. So if you think you will be made redundant soon - steer clear of PPI.

m3nutta

Surely nobody can prove you knew of any redundancies? but are there any other options if this is the case?

melorablack

They will ask your employer, they also ask your employer why you lost your job (because dismissals are generally not covered either).

I don't know about any other options but bear in mind that any insurance company will do their best to not have to pay out. I'd just start saving like mad.