Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Claiming on payment protection

  • 09-10-2005 11:10pm
    #1
    Registered Users, Registered Users 2 Posts: 10,846 ✭✭✭✭


    What's the deal with claiming payment protection? I have a loan and a credit card which I pay PP on, and found out all of my department are being made redundant at the end of this year.

    Am I supposed to inform the bank NOW? What will they ask of me if I have to claim it, to prove I was made redundant?

    Do I have to show when I was first given notice of redundancy - had been planning on buying a car next month and if the PP on that loan would pay out for me in January if I haven't found a new job yet, that would be nice.


Comments

  • Moderators Posts: 6,900 ✭✭✭Spocker


    It's worth reading the small print of the PP plans to make sure you are covered in a redundandcy situation - some will only cover for medical illness, etc etc.

    If you are covered they'll probably ask for a copy of the RP50 (Notice Of Redundandcy) form you'll be given when offically served notice.

    It's probably worth checking as well if there is a "notice" period in the PP policy (no claims within a certain initial timeframe) - this might scupper your plans for the car.

    AFAIK, if redundandcy is covered by your plan, you have to notify the insurer (which may not be the bank) within 30 days of the date of being made redundant (i.e. your last day).

    More info on redundantcy on the Entemp website


Advertisement