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- Policy Document - |
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Before taking out involuntary unemployment cover, major illness cover or payment protection insurance, it is vital that the borrower reads and understands the policy document for the cover. The document spells out all of the conditions and exceptions that apply to the insurance, cover or plan, including how much it will cost, what conditions must be met before it will be paid out and whether certain reasons for unemployment are not covered. It is also common to find a list of illnesses that are not covered, so merely being unable to work is no guarantee that the policy will pay out.
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Use our layman jargon buster to decipher other key industry terminology.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
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| Think carefully before securing other debts against your home. Your home may be reposessed if you do not keep up repayments on your mortgage or any other debt secured on it. Loans secured on your home. |
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Licensed credit broker authorised by the Office of Fair Trading. Registered members of CFB, FISA, FSA, Data Protection Act 1984 |
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| Processing by LL Processing (UK) LTD, Intec 4, Wade Road, Basingstoke RG24 8NE |
© 2007 LoanLine - Policy Document |
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