Accident and Sickness insurance

Accident & Sickness insurance is one of the most important policies a home owner can consider. Especially if it has redundancy or unemployment cover too. No-one would want to lose their home due an accident or injury which was no fault of their own. Having cover gives peace of mind in knowing that even if the unexpected happens, you have a contingency plan to protect your home in this event. You can also have additional cover to provide income for your other essential bills, such as loans, insurance premiums and  lifestyle costs.

There is specific criteria to qualify for an Accident and Sickness payment protection policy. Normally you have to be working at least 16 hours per week, be named on a mortgage and currently be up to date with your mortgage payments. You will also normally need to be aged between 18 and 64 years.

Can you claim benefits to help with sickness or injury

Government benefits are under the microscope, especially in these tough times. The forms that have to be completed to make a claim, the hoops that have to be jumped through and the delay in getting through the red tape so that money lands in the claimants bank account, make up a full time job on its own. At the time of updating this page (December 2012) there is little point publishing figures as the government is looking to change the way benefits are paid. And reduce the amount that is paid.

An accident and sickness policy may make you self-sufficient, not reliant on benefit income in the event of a sickness or injury – plus it can pay out straight away (subject to deferred period) unlike trying to claim benefit assistance. Policy premiums may not be that expensive, but in the event of a claim, the benefit could be priceless!

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