Income protection insurance

alphabet1

Please can someone let me know if i can claim on an insurance policy. I was made redundant recently and have a policy but i have since taken out the mortgage got another one buy to let and have rented out the property to live in the new one. I don'thave any other income but am worried as i forgot to inform the insurance company of my change of address, will i be doing something wrong if i claim as i am receiving an income from the rental.
Many thanks to anyone that can advise me

dunstonh

All policies are different. So, your best bet is to ask them as we dont know your T&C.

lvm

Hey,

I'm not totally clued up on Income Protection Insurance but I took out a policy about 4 months ago.

When I applied, I had to specify an amount I wanted insured against and this could only be up to 50% of my net salary.

They will ask you for proof of this and make sure you sign on for job seeker's allowance.

All you seem to have done wrong is not tell them of a change of address which I don't think is that much of a big deal.

HOWEVER...are you sure it's actually Income Protection and not Mortgage or Payment Protection? Because I think that would be another story...

Best thing to do is just call them, inform them you have moved address and tell them you need to make a claim - don't give any other info but wait for claim forms to arrive.

Good luck!

dunstonh

The term income protection covers many things. Some of which are not even income protection but are marketed as such.

For example, you have ASU, MPPI, PPI and PHI. Some plans fall under general insurance rules and others fall under long term insurance rules.

"Income protection" has suffered the same fate as "bond" for no longer representing the right product type and could actually mean many things.