IMPORTANT FACTS YOU SHOULD KNOW ABOUT CREDIT CARD PROTECTION
The need for Credit Card Payment Protection Insurance
No one knows what the future will hold and if you become unemployed or need to look after a partner, spouse, parent or child full time or you were disabled due to an accident or sickness (Disability) you may not be able to meet your financial commitments. Over 70% of people will not qualify for Income Support and those who do will receive a small percentage of their normal income.
Some facts about credit card protection cover
Cover in respect of your average monthly outstanding credit card balance(s):
Credit Card Protection —Minimum average monthly outstanding balance cover available is £1000.
Credit Card Protection —Maximum average monthly outstanding balance cover available is £10000 in total.
Credit Card Protection UK —10% of the selected average monthly outstanding balance cover is paid for up to a maximum of 12 months per claim.
Credit Card Payment Protection — One monthly benefit payable after 7 days hospitalisation and thereafter on a daily basis, monthly in arrears.
Credit Card Payment Protection UK — One monthly benefit payable after 14 days Accident & Sickness (Disability) and thereafter on a daily basis from day 31, monthly in arrears.
Credit Card Protection Insurance- — One monthly benefit payable after 30 days Unemployment and thereafter on a daily basis, monthly in arrears.
Credit Card Protection Insurance UK —Two months Carer benefit paid via this credit card payment protection insurance policy after 60 days and then on a daily basis monthly in arrears.
Credit Card Payment Protection Insurance — Life and Terminal Illness benefit paid on death or diagnosis of a Terminal Illness.
Credit Card Payment Protection Insurance —There is a 3 month re-qualification period after each claim.
This Credit card payment protection insurance provides protection in the event of Accident & Sickness (Disability), Involuntary Unemployment, Carer, Death, Terminal Illness and Hospitalisation.
