We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Mortgage Payment Protection Insurance
bob999_2
Posts: 33 Forumite
Have recd some bad news today that i'm shortly to be made redundant after 3 years, maybe luckily I have this insurance with Payment Shield.
However we believe that when we are officially made redundant this week, the company may offer us similar employment.
Under the terms and conditions, it states
'We will not pay out unemployment benefits under the policy if:
Unemployment occurs because:
You refuse any offer of reasonable alternative employment by your employment by your empoymer,which based on your qualificications , previous experience and the location of such employment it would have been reasonable for you to accept.'
My trouble is that the job which maybe offered is in London at least 90 miles away, so at least 2 hours by car each way not accounting for traffic or 3hours eachway by train.
Therefore my problem being if I refuse the job, is their a chance that my insurance will not pay out, as I feel that travelling atleast 6 hours a day for an 8hr job too much for me, or am i being unreasonable.
Can anyone help or direct in the right direction, please.
However we believe that when we are officially made redundant this week, the company may offer us similar employment.
Under the terms and conditions, it states
'We will not pay out unemployment benefits under the policy if:
Unemployment occurs because:
You refuse any offer of reasonable alternative employment by your employment by your empoymer,which based on your qualificications , previous experience and the location of such employment it would have been reasonable for you to accept.'
My trouble is that the job which maybe offered is in London at least 90 miles away, so at least 2 hours by car each way not accounting for traffic or 3hours eachway by train.
Therefore my problem being if I refuse the job, is their a chance that my insurance will not pay out, as I feel that travelling atleast 6 hours a day for an 8hr job too much for me, or am i being unreasonable.
Can anyone help or direct in the right direction, please.
0
Comments
-
No I do not think you are being unreasonable refusing to travel so far but its impossible to predict paymentsheilds stance on this. would you like me to call them for you tommorow on a no names mentioned basis and check this out?
If so, get in touch, will only take 10 mins of my time and I'm happy to help.
LisaI am a Mortgage Adviser
You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Wow.Thanks please let me know I'm at my wits end.
Dont know what todo0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.3K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.3K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards