We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
Companies in Default/FSCS Claims - Picture, London Scottish, Twopart
Comments
-
-
Accidental Death Cover is on the last page.
the agreement states as you have said above but it says first named borrower, so it is whoever is 1st named on the agreement, irrelevant as to whom you wanted covered
post if you need anything else:beer:
Yes mine is first named borrower which is OH, who has never spoken to Picture ever!DS1 12/10/04
DS2 13/07/06
DD1 06/12/070 -
marshallka wrote: »So if you cancel do you then get a rebate against the insurance as well?? What happens at cancellation cause they would really have to give you back at least 78% of the unused PPI too if the policy is still in force and cancelled? This could work out you get the full policy back and all repayments made to date, the NCB, the 78% pro rata rebate or more......
Honey2 was told if she chose to cancel the policy, she would need to contact insures herself. FSCS have instucted the insurers to pay her back £664.
Think that is correct, so it has to be in Honey's best interests to keep the policy as her OH has just been made redundant and it will be more beneficial for her to claim against redunancy than cancel for £664.dialysis,mammamia,honey.beaniebabe,saltyfish,funky,Gumbi,Lian,doogle,oldwulf,pinknico,Halpin,alyson,Barloo,jadone,demir,netabc,chickpee,dannyboy,tomgaskel,Lozza001,sandzb,di,marshallka,pengi,lynnie,busbyh,moggy,Kim66,honestbob,tobione,itdonk,arrongborne,thunders,newtonchang,mbones,showergirl, coffeetower,hayston,sappy,dolallytap,AuntieDeedee0 -
Is it not the 1st named customer that is covered but both for life cover only
Honey 2 x
Yes thats right Honey 2, but reading that I would expect him to be covered if he had an accident (like you said lost a limb) but there is nothing in the policy that says this happens only accidental death if over 65!
So if had an accident he wouldnt be covered.DS1 12/10/04
DS2 13/07/06
DD1 06/12/070 -
Anyone else got a headache!DS1 12/10/04
DS2 13/07/06
DD1 06/12/070 -
In Jan 2008 I queried xc of the PPI I was quoted a refund of £1600.
Honey 2 x
We started the loan in MArch 06 and cancelled the policy in Aug 08 and did not receive any refund, only a reduction in monthly payment, by £2:mad:
It was cancelled in haste without actually looking into it properly at the time.dialysis,mammamia,honey.beaniebabe,saltyfish,funky,Gumbi,Lian,doogle,oldwulf,pinknico,Halpin,alyson,Barloo,jadone,demir,netabc,chickpee,dannyboy,tomgaskel,Lozza001,sandzb,di,marshallka,pengi,lynnie,busbyh,moggy,Kim66,honestbob,tobione,itdonk,arrongborne,thunders,newtonchang,mbones,showergirl, coffeetower,hayston,sappy,dolallytap,AuntieDeedee0 -
Yep - the 1st borrower should be the one with the higher income than the 2nd borrower.Death - as long as it is not with a pre-existing condition!!!!
Honey 2 x[/QUOTE
I am second named and only covered for death, yet I have a medical condition which is highly likely to cause my death so a lot of use that would have been:mad::mad::mad::mad::mad:
Honey 2 x0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards