Claiming on a Policy

You can’t claim on a policy straight away. Insurers don’t want to take on people who already suspect they are going to be made redundant, for example. So you need to have been in continuous employment for six months before you will be offered a policy and you normally have to have been paying premiums for up to six months before you can claim.

With some policies you will have to wait a further two months before your first monthly payment gets to you after a claim, though some insurers will now pay a lot sooner. The difference in terms and conditions is one big reason why it pays to shop around for the best policy rather than taking the first one you find – read on to find out more.