Redundancy insurance and settlement agreement

garrarda

Hi all,

I recently signed a settlement agreement after consultation with a solictor, i also have mortgage protection insurance, which i now need to submit a claim for. The claim form requests a section to be completed by my company, and does have questions relating to the settlement agreement.

I requested my previous company to complete this form, but they have come back with a letter stating basic facts around my employment and i had signed a settlement agreement and are refusing to complete the section in the claim form.

From my understanding your employer does not legally have to complete any insurance claim form for you, but i was wondering if there was any other avenue i need to explore? I have asked my previous company why they wont complete this given the settlemment agreement is in force, so does not expose them in any way.

The insurance company did state that signing a settlement agreement did not necessarily mean i couldnt claim, but i am wondering why i bothered to take out the insurance, if these settlement agreements are now common place

flaneurs_lobster

What questions are asked of the settlement agreement and how do they affect any insurance claim?

Are they asking for the monetary amount? Is the insurance product negated by an enhanced payout?

As ever, it's down to the terms of the particular redundancy insurance product you have purchased.

If there's a clause that says "your ex-employer must complete this form or there's no payout" then

a) it's a ridiculous condition

b) you're stuffed

but I bet there isn't.

Read the conditions carefully, I once missed out on having my mortgage paid for 6 months by such a policy because I didn't "sign on" within 2 weeks of the redundancy date.

Undervalued

Did you not ask the solicitor about the insurance aspect before signing the SA? They could have made it a condition of you agreeing to the SA that your former employer provided the required information. Too late now unless you could argue that the solicitor has been negligent?