Insuring against sickness

[SueEllen]

But they will still take the premiums - even if they know you are a contractor at the start... but still refuse to pay out.


A bit like payment protection insurance. Years ago I was caught out by this... I told them I was self-employed when taking out a loan. They gave me the loan and PPI.

But when I was out of work, I tried to claim on PPI, at which point they told me that they would not pay out because I was self-employed - even though they knew I was self-employed in the first place.

I then asked them why I would want the insurance to which they replied that the loan would be paid off in the case of sudden death - even though I indicated that I had no dependents, so why I could care was also beyond me.

PPI is a lot tighter now, but the same principles apply. You must read the small print very carefully and never assume that just because you've told them - that this covers you.

If the loan was less than 7 years ago and you still have the paperwork then demand the premiums back.

[centurian]

If the loan was less than 7 years ago and you still have the paperwork then demand the premiums back.

Back in the 90's, so unfortunately not.

[BolshieBastard]

Far too many T&C's and gobbledegook for them to wriggle out of, imo.

Wouldnt bother and dont bother despite many ins co's trying to flog this type of stuff to me.